Earn up to £1,000 & get all your pensions in one place

Consolidate your old pension pots with Penfold and we'll top up your transfer by up to £1,000. FCA number 826097.

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As with all investments, capital is at risk.

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Our consolidation service is for everyone

Having your savings all in one place means you can see the total value and performance, choose what type of fund you want to invest in and even add more savings on top. Important for your financial wellbeing, you also know how much money you’re likely to have available to you when you retire.

To encourage everyone to combine their pension pots, we’re offering to top up the funds you transfer to us by up to £1,000! The value of the top up depends on how much you transfer. See the full T&Cs here.

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.

Unsure of your details? Our team will help

Pensions can be confusing, especially when you're self-employed. Our friendly team of experts will answer any question you have, and we promise no jargon.

If you're unsure of your old pension details, just drop us a message on chat, email us or give us a call. No waiting lines, no call centres.

How much will I get?


£10 for transfers from £1,000 - £4,999


£50 for transfers from £5,000 - £9,999


£100 for transfers from £10,000 - £24,999


£250 for transfers from £25,000 - £49,999


£750 for transfers from £75,000- £99,999


£1,000 for transfers above £100,000.

To learn more about how much you could receive in your pension pot, depending on your transfer amount, read our T&Cs here.

Set up and combine online, in minutes

Flexible contributions

Adjust, pause, top up your pension in line with your company cash flow anywhere, anytime.

Simple to set up

Running a business leaves you short on time. Setup with Penfold online in just 5 minutes.

One all-in fee

We hate hidden fees. You'll only pay one annual fee of either 0.75% or 0.88%, depending on your pension option.

Set up, transfer & refer

Set up, transfer & refer

Select your pension option

We offer four Standard options, plus a Shariah and a Sustainable pension fund.

Set up your contribution

If you haven't already, finish setting up your Penfold pension with a contribution, either through Direct Debit or bank transfer.

Click 'Add a pension'

Here, you can enter your old pension details. If you're unsure of them, reach out to our team on our online chat.

Get your bonus top up

After your pension transfer is successful, we'll add a bonus top up in two stages which is subject to our T&Cs.

Refer & get an extra £30

Send your referral link to your friends. If they setup & transfer you'll get a £30 bonus, and they can receive up to £1,000!


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Join thousands of people already saving with Penfold


It was so simple to set up and the team were able to transfer in my existing pension pots for me without hassle. Everything is clear and easy to understand, which is a relief when traditional pensions can be confusing.


If you're freelance/ self employed, this is a must. You'll thank yourself later. Really easy to setup, add money, choose your investment options, and transfer existing pensions over. Amazing customer service too, really helpful explaining things if you are unsure.


Quick and easy to set up, I am loving the ‘Sustainable’ growth profile and the app is easy to use. And the customer service for Penfold is amazing! Really enjoying using their service so far.

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