Is it for everyone?
Penfold is built for freelancers, contractors and self-employed people. We want to make it as easy for the growing number of people who choose to work for themselves to save for the future, as it is for traditional employees.
Can small business owners use it too?
Yes! All you need to do when setting up your Penfold account on behalf of your company is enter the company’s bank details, rather than your own personal details, and add the company number. Contributions into your pension will come from the company’s account instead of your own, and you will be able to save on your corporate tax.
What if I’ve got other pension pots?
You can have a Penfold pension and still keep these old pension pots, or you can ask us to combine them into one place. We can do the hard work for you by helping you find and combine your old pension pots for you.