For now, you can only share the bonus with colleagues who work for the same employer as you, as long as they are actively enrolled in the workplace pension. If your colleague has opted out from Penfold, they won't be able to participate.

Colleagues who have already transferred an old pension can still join—they just need to transfer another one to qualify for the bonus.

We hope to change this soon and allow you to refer anyone you like from outside your employer.

You can refer up to 50 colleagues to transfer to Penfold.