Penfold - Free £25 Pension Bonus

Overview

Penfold is a modern, award-winning digital pension provider. New customers receive £25 free (£20 bonus + £5 HMRC tax relief) when they deposit £25 into a new Penfold pension account.

How to Claim

1. Sign up via the 'Get This Offer' button
2. Create your Penfold account
3. Deposit £25 into your pension
4. £20 bonus awarded within 7 days
5. £5 HMRC tax relief added after approximately 3 months

Requirements

• Must be a new Penfold customer
• Minimum deposit of £25
• Must be a UK resident eligible for a pension account

Important Terms

• Annual fees: 0.75% or 0.88% depending on fund choice
• Funds are locked for long-term investment (standard pension rules apply)
• Can transfer to another pension provider in the future
• All standard pension regulations and benefits apply

Tips

• Only £25 needed to get £25 back — effectively a 100% return
• The more you contribute, the more HMRC tax relief you receive
• Great for consolidating old workplace pensions into one place
• You can set up recurring payments if you want to keep contributing