• Mounir Lakrouf

Penfold Pension Online Service


What Is Penfold Pension?


Penfold is a digital pension provider aimed specifically at self-employed people. The service puts the saver in complete control with a streamlined interface that allows users to set up, consolidate, save, invest, gain tax relief back, track, and top up a pension all from one app. The pension offered at Penfold is a Self Invested Personal Pension (SIPP), allowing for flexible investing.


Penfold is the modern, flexible, faff-free pension that's simple to set up and effortless to manage. They sort your future, so you can get back to enjoying today. FSCS protected. As with all investments, capital is at risk.


Penfold has three founders including Pete Hykin, ex Deloitte employee who is now responsible for looking after Penfold’s users, Chris Eastwood, who is responsible for designing the features at Penfold as well as working with partners and regulators and lastly Stuart Robinson who leads the team building the website and mobile app.




How Does Penfold Pension Works?

Penfold offers a fully flexible option, allowing you to choose how much capital you save into your Penfold pension pot, perfect for self-employed workers who might experience fluctuations in their income. They automatically claim the 25% government tax relief bonus for you which you get on your contributions.


Penfold can also help you with the option of paying from your limited company account in order to save a further 19% on corporation tax and provide you with tools to help you calculate how much to save as well as tools to help you track your investments and project what they will be worth in the future.


For self-employed workers who were struggling with the gap in the pensions market, Penfold pensions could be the answer they have been looking for.




How Do You Get Started?


Penfold stated that opening an account takes about five minutes. Their onboarding process is slick and quick and once you provided them with details such as National Insurance Number, citizenship, and employment status you are ready to make contributions and pick the investment plan to match your risk profile. Click HERE to open an account.