About Penfold
Penfold is a workplace auto-enrolment pension software from Penfold Savings that helps businesses grow while improving employees' financial wellbeing. It includes features for employers, advisers, and individuals, so organizations can manage their pension processes more effectively. Penfold supports smarter pension processing, providing a top-rated service from setup to success. This platform also ensures that both employers and employees have control over their pension plans, enabling better financial management. Key capabilities: automated enrolment employee management compliance tracking reporting tools user-friendly interface Best for: businesses that need a comprehensive pension solution for their workforce.
Penfold by Penfold Savings is a cloud-based benefits administration software designed to simplify the management of savings and pension schemes, especially for freelancers and employees of small to medium-sized businesses. With a focus on ease of use and flexibility, Penfold aims to make it easier for individuals to manage their pension contributions and save for retirement. The software offers key features such as automatic contributions, customizable saving plans, real-time tracking of pension pots, and access to personalized financial advice. These features make Penfold an appealing choice for employers looking to offer employees a seamless retirement saving experience and for individuals who want to take control of their pension planning. The user interface of Penfold is designed to be simple, intuitive, and accessible. Upon logging into the platform, users are greeted with a clean, modern dashboard that provides an overview of their pension pot, current contributions, and future savings projections. The interface is highly user-friendly, allowing individuals to easily track their contributions and make adjustments if necessary.
Pros & Cons
- +Save for Retirement: With a National Insurance hike, you might be looking for ways to save more. Penfold offers an app to help you set goals and track progress towards your retirement savings.
- +Combine Pensions: If you have old pensions scattered around, Penfold can help consolidate them into one account for easier management.
- −Tax-Efficient Contributions: Penfold mentions tax-efficient pension contributions for employers. This could be attractive with a National Insurance hike, as pension contributions are deducted from gross salary before National Insurance is applied.
Features
Key features
- Award-winning pension app for easy saving and tracking.
- User-friendly interface for managing contributions and investments.
- Find and combine old pensions into a single pot.
- Choose from various investment plans aligned with your risk tolerance.
- Set goals and receive forecasts for your retirement lifestyle.
- Time-saving pension processing platform for businesses and accountants.
- Reduces payroll errors and simplifies pension administration.
- Dedicated account management for employers with onboarding support.
- Excellent customer service with human support via chat, email, and phone.
- Trusted by thousands of businesses in the UK.
Additional features
- App Features
- Manage contributions, investments, and view pension pot value.
- Consolidation
- Track down and combine old pensions into one account.
- Investment Options
- Select an investment plan based on your goals and risk tolerance.
- Flexible Contributions
- Adjust contributions or top-up payments anytime.
- Retirement Goal Setting
- Set targets and receive forecasts for your retirement income.
- Payroll Integration
- Seamless integration with existing payroll systems.
- Reduced Administration
- Streamline pension processing and reduce paperwork.
- Error-free Payroll
- Smart system reviews uploads and minimizes mistakes.
- Compliance Management
- Stay on top of contributions and ensure regulatory compliance.
- Dedicated Account Manager
- Receive personalized support and onboarding assistance.
- Employee Education
- Webinars and Q&A sessions for employee onboarding.
- Customer Service
- Excellent customer support with human interaction.
- Security
- Secure platform with robust security measures in place.
- Fees & Charges
- Transparent fee structure with clear communication.
- Resources
- Comprehensive educational resources and guides on pensions.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Penfold
Penfold is a workplace auto-enrolment pension software from Penfold Savings that helps businesses grow while improving employees' financial wellbeing. It includes features for employers, advisers, and individuals, so organizations can manage their pension processes more effectively. Penfold supports smarter pension processing, providing a top-rated service from setup to success. This platform also ensures that both employers and employees have control over their pension plans, enabling better financial management. Key capabilities: automated enrolment employee management compliance tracking reporting tools user-friendly interface Best for: businesses that need a comprehensive pension solution for their workforce.
Penfold Details
Penfold's In-App Market Place
Does Penfold have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£)
Pros & Cons
- Save for Retirement: With a National Insurance hike, you might be looking for ways to save more. Penfold offers an app to help you set goals and track progress towards your retirement savings.
- Combine Pensions: If you have old pensions scattered around, Penfold can help consolidate them into one account for easier management.
- Tax-Efficient Contributions: Penfold mentions tax-efficient pension contributions for employers. This could be attractive with a National Insurance hike, as pension contributions are deducted from gross salary before National Insurance is applied.
Penfold's Support Options
Penfold's Alternatives
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