Penfold Pension Drawdown

Penfold drawdown charges at a glance

Estimated yearly cost at £250,000: £1,350 a year (monthly income, no share deals; Includes fund charges).

Position on cost: Ranks 18 of 18 fully priced platforms on cost at £250,000. Penfold against every DIY platform

Fees checked 23 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.

Sources: Charges Guide · What fees do you charge? · Pension charges

Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.

Penfold at a glance

Penfold is a digital personal pension with ready-made plans. The official Charges Guide (20 March 2026) quotes a single all-in fee on the Default Plan of 0.75% a year on the first £100,000 and 0.40% on the amount above, with no benefits withdrawal fees. The key features document lists flexi-access drawdown. It is closer to a consolidation app than a shares-and-ETFs SIPP.

Retirement access: Flexi-access drawdown. Official key features document lists flexi-access drawdown. Charges Guide (20 March 2026): no benefits withdrawal fees for new or existing customers.

Company story

Penfold Savings Limited (FRN 826097) was set up in May 2018 and launched in 2019 (official FAQ). Ready-made pension plans, not a shares SIPP.

Official Charges Guide: Default Plan single all-in fee of 0.75% a year on the first £100,000 and 0.40% above; no benefits withdrawal fees. Official key features list flexi-access drawdown.

Fee structure

Platform fees: Default Plan single all-in fee: 0.75% a year on the first £100k and 0.40% on the amount above; no benefits withdrawal fees

Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.

Penfold key features

• Single all-in fee: 0.75% on the first £100k, 0.40% above
• No benefits withdrawal fees (official, 20 March 2026)
• Flexi-access drawdown in the key features document
• Ready-made plans rather than a full DIY dealing SIPP

Penfold investments

Range: Ready-made plans

Default, Lifetime, Standard, Sustainable and Sharia plans — not a shares SIPP

Who holds your pension

• Regulated firm: Penfold Savings Limited
• FCA firm reference number: 826097 on the FCA Register
• SIPP operator or scheme administrator: Trustee Penfold Trustees Limited (official key features document)
• Regulatory status: Penfold Savings Limited authorised and regulated by the FCA (FRN 826097). Trustee Penfold Trustees Limited — official key features document.

Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection

Official sources

• Official Penfold website
• Official fee source (platform fees checked 23 Sept 2026)
• Key features

Guidance only — this is not regulated financial advice. Confirm charges on the provider's official pages before you act.

Latest Penfold news & updates

No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.

Last verified: 8 Sept 2026.

Compare Penfold

• Read the full Penfold review — independent analysis of fees, features, service quality and user experiences.
• Penfold fees vs the UK market — pot-size ranking against every UK drawdown provider we track.
• All provider fees compared — side-by-side fee comparison of the UK providers we track.

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