Step-by-step guide
Log in to your Penfold Dashboard
Navigate to your Penfold dashboard and locate the Workplace Contributions tile.
Select ‘Change Contribution’
Click on the ‘Change Contribution’ option.
Enter your details
Input your yearly salary before tax (£).
Choose your preferred contribution percentage.
Opt into salary sacrifice
If your employer offers Salary Sacrifice and you’d like to opt into it, you'll see the toggle to switch to Salary Sacrifice.
If you don’t see this option, it means your employer doesn’t offer salary sacrifice.
Preview your pension impact
You'll see a summary of how your new contribution percentage will affect your pension. Review the figures carefully.
Confirm your change
If everything looks good, click ‘Review’, then ‘Confirm Change’ to submit your changes.
💡 Your updated contribution will be communicated to your employer and actioned in your next possible payslip.
Important notes
If you'd like to set a contribution below your employer’s minimum threshold, please contact your employer directly to discuss your options.
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 your change request arrived 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 following month to see your new contribution percentage.
For any assistance or questions, don’t hesitate to reach out to our team via chat on your dashboard or email us at hello@getpenfold.com.