1. Log in to your Penfold account.
2. From the dashboard, select Change Contributions.
3. Switch Tax-Efficient Savings to On.
Use the calculator to see how much you can save and what your take-home pay will be. When you're happy, review your changes and confirm.
Once you've made the change, Penfold will handle the communication with your employer's payroll department. You can expect to see the updated contributions on your next payslip!
We'll liaise with your employer about your change request around the middle of the month, before your pension deductions show on your payslip. This means that if you request a change to your contributions in the first half of the month, it will likely be reflected before your next payslip. However, if you request the change in the latter half of the month, you may need to wait until your payslip in the month after to see your new contribution type.