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Pensions for self-employed savers

If you’re self-employed, pension contributions fall entirely on your shoulders. We’re here to help you save and grow wealth for your retirement.

Our pension is built for anyone who works for themself. Flexible contributions, automatic tax relief, a transfer service that does the paperwork for you and much more.

Get started now
Download at the Google Play Store
Download at the Apple App Store
Penfold app showing pension dashboard and self employed pension customer service reviews

As with all investments, your capital is at risk

Pensions for
self-employed
savers

If you’re self-employed, pension contributions fall entirely on your shoulders. We’re here to help you save and grow wealth for your retirement.

Our pension is built for anyone who works for themself. Flexible contributions, automatic tax relief, a transfer service that does the paperwork for you and much more.

Get started now
Download at the Google Play Store
Download at the Apple App Store

As with all investments,
your capital is at risk

Penfold app showing pension dashboard and self employed pension customer service reviews
Penfold apps showing pension account setup and welcome screens.

Relieve pension tension

Running a business likely leaves you short on time, in fact only 14% of self employed people are saving into a pension. You might be focused on the day to day needs of your business, but it’s important to think about the future too.

That’s why we built a pension that only takes 5 minutes to set up and can be managed entirely from your phone, not only your web browser. Sign up for free with your email address, a password and a few personal details to get started today.

How to get started

Join thousands of self-employed pension savers

Penfold app pension contributions recurring and one-off payment screens with tax relief

Flexible contributions

Whether you’re a freelancer, sole-trader, contractor or anything that means you work for yourself; income and outgoings probably aren’t easy to forecast.

Penfold is designed to be as flexible as your finances are. Once you’re set up you can adjust, top-up, or pause payments at any time, instantly online or with our app.

If you’re unsure about how much to contribute, our pension calculator will do the hard work for you - helping you decide how much to save to get the retirement you want.

Pension contributions
Penfold apps showing pension contribution and savings history screens

Take advantage of tax relief

Self-employed workers get a 25% tax relief top-up on pension contributions. We organise it for you, automatically adding it to your pension.

If you're a company director you can pay into your pension through your limited company, contribute up to £40,000 each year and claim a 19% reduction on your corporation tax bill. Find out more about arranging a director pension with Penfold.

Subject to annual allowance. Tax treatment depends on individual circumstances and may change in the future.

Self-employed tax relief guide
Penfold apps showing pension transfer and find lost pension screens

Transfer old pensions

Transfer and combine existing pensions into a Penfold account to simplify your finances. All we need is the name of your pension provider(s) and policy number(s).

Alternatively, track down old or lost pensions using our Find My Pension tool. Simply enter an employer name and we'll find the contact details of the pension provider.

Consolidating pensions with Penfold is easy, free of charge, and our expert team of transfer specialists will manage it on your behalf.

Pension transfer service

Top performing funds

Lifetime

Our most popular plan. Automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.

Lifetime plan details

Standard

Complete control of your pension. Choose between four different risk levels - tailoring investments to fit your preferences and outlook.

Standard plan details

Sustainable

Make a positive impact on the world without sacrificing growth. Invests your money into companies with a high ESG rating.

Sustainable plan details

Sharia

Invest your money only into Sharia-compliant companies. All investments are approved by an independent Sharia committee.

Sharia plan details
Penfold apps showing self employed pension customer service chat screens

Friendly and helpful support

Our UK-based expert team are on hand to answer your pension questions.

There are no waiting lines or call centres. Message us using the chat function on our app or website, email or call us any time.

We can even help you make pension withdrawals. Choose drawdown, an annuity or even take a lump sum in one go and enjoy a happy retirement.

If you’re interested in finding out more about pensions in general visit our Pension Guides section for more information about contributions, tax relief and much more.

Our awards

Penfold is an award winning pension, here are our most recent accolades.

Good Money Guide logo

Best Private Pension 2022. Good Money Guide Awards.

Trustpilot logo

Excellent Rating 2020-2022. Trustpilot Pension Category.

YourMoney.com logo

Best Pension Platform 2022. YourMoney.com Awards.

Securing your savings

Safe

We're authorised and regulated by the Financial Conduct Authority. Deposits are FSCS protected up to £85,000 per eligible person and claim.

Separate

Your money is held separately and invested by BlackRock and HSBC - two of the worlds largest money managers.

Secure

Cutting-edge encryption and data security technology keeps your private information private.

How to get started

1

Get a Penfold account by registering your details online or with our app.

2

Either, pay in some cash with a one-off or recurring payment. Pause or adjust at any time.

3

Or, transfer an existing pension. Enter the provider name, policy number, an approximate value and tap submit. We’ll do the rest!

4

All done! Easily check your savings progress, change investment plan and much more with our modern app or online dashboard.

Get started now
Penfold apps showing pension account set up and dashboard screens

FAQs

My question isn’t here. See all FAQs ».

It is important to compare providers’ fees & any guaranteed benefits when deciding on whether to transfer, and be sure that the investments available are suitable for you. We cannot accept defined benefit pension transfers. If you decide to close your Penfold account and the value of your pot has gone down, the amount returned to the provider may be less than what you originally transferred.

Please know that if your employer is paying into your pension currently, transferring that pot may mean you lose out on their contribution. For more information on the risks see here.

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