Is it for everyone?
Penfold is the modern pension for everybody. We have a diverse set of thousands of members, including self-employed individuals. Penfold is for everyone!
Our members - both employed and self-employed - use Penfold as their central pension not only to pay into on top of their workplace pension, but also to combine their old pensions over the years. As members switch jobs, they transfer their pots into Penfold, keeping it as their main source of pension growth, rather than having lots of pension pots scattered around!
This includes thousands of our self-employed members who, if they become employed again, keep their Penfold pension open so they can transfer their new workplace pension into it if and when they switch jobs.
Penfold is built for freelancers, contractors, and the self-employed. 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. If you’re a company director, your limited company can pay directly into your Penfold pension. For more information, please refer to the following article.
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.