Penfold - Free £25 Pension Bonus

About Penfold

Penfold is a modern, award-winning digital pension provider specialising in helping self-employed people and others take control of their savings. They consolidate existing pensions in one place and provide flexible pension schemes.

The Offer

New customers receive £20 when they deposit £25 into their Penfold pension account. Additionally, you'll receive £5 tax relief from HMRC within 3 months (totalling £25 on your £25 deposit).

How to Claim

1. Sign up using a Penfold referral link
2. Create your Penfold account
3. Deposit £25 into your pension (you can set up recurring payments if desired)
4. £20 bonus is awarded within 7 days
5. £5 HMRC tax relief added after approximately 3 months
6. Optionally share your referral link to earn additional benefits

Requirements

• New Penfold customer
• Minimum deposit of £25
• UK resident eligible for a pension account

Key Information

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

Tips

• The more you contribute, the more tax relief you receive from HMRC
• Consider compound growth over a 25+ year investment horizon