When you contribute to your Penfold pension, there's a brief period before your money is invested. During this time (typically around 24 hours), your payment is held as cash and earns interest.
You don't need to do anything to receive this interest, as we automatically add it to your pension. Because this holding period is usually quite short, the interest earned will normally be small – but every bit helps!
We'll show you exactly how much interest you've earned when we send your annual benefits statement.
It's important to note that this benefit applies to all customers except those invested in our Sharia plan. To ensure compliance with Sharia principles, any interest earned by Sharia plans is donated to charity.