Official Charges Guide: 0.75% a year on the Default Plan on the first £100,000 and 0.40% on the amount above; no benefits withdrawal fees on that guide. Trustpilot 4.7 from 2,080 reviews on 8 September 2026.
Fees at a glance
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 apply on top (typically 0.10%–0.50% for trackers)
Published charges
Penfold is a digital personal pension with ready-made plans. The Default Plan fee (0.75% on the first £100,000, 0.40% above) and the withdrawal-fee statement come from the official Charges Guide.