Startup of the Week - Penfold
by Startacus Admin
Penfold - The fintech startup that's making it a doddle for the self-employed, freelancers and contractors to organise their pensions...
Pensions are never an easy subject to get your head around. However when you’re self-employed it can be even harder. With recent stats showing that only 14% of the UK’s self-employed people are actively saving for old age, it’s clear that it is an issue that needs addressing. And that is just what our latest startup of the weekis aiming to do. Penfold is a fintech startup that provides pensions for the self-employed, freelance and contractors.
Recognising that it can be difficult when you are self-employed or freelance to accurately predict your income, they have ensured that their pension solution is fully flexible. Once you open your account, you can add to, change or even stop your payments at any time. An account can be set up in a matter of minutes and you can therefore start saving straight away.
If you’ve had other pensions in the past, they can hunt them down for you and consolidate them, therefore making it much easier for you to assess what you’ve got.
Also, as the government adds a 25% bonus to everything you save into a pension, Penfold will sort that for you. No need for you to do anything - they’re on top of it.
In terms of fees, all Penfold customers pay a single fee of 0.75% per year based on the average value of their pension in that particular year.
Pensions can be a pretty complex affair at the best of times and when you’re self-employed or freelancing, they can unfortunately be way down the list of your priorities.
Therefore we reckon the fact that Penfold is taking charge and removing the hassle means it ought to be welcomed with open arms!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Shopper.com, the startup that has created a browser extension to provide online shoppers with the best coupon codes, discounts and deals
Startup and moving into your first office? Here are the key things that you'll need to consider...
With all kinds of Promotional products, come new challenges. Here are 4 surprising stats about the promotional product industry.
Derry-based marketplace startup BookEntertainment is making it easier to book entertainers for a whole host of events, from wedding singers, to bands, to magicians.
Every new business comes with its own unique problems and difficulties, but here are 4 common challenges your new business will face.
Exciting news for London-based space-as-a-service start-up, Bold with its acquisition by Newable
JumpStory, the AI-based digital content platform continues to innovate thanks to its $1 million investment
LINEUP 2020, taking place on 5th March in Derry, has opened up applications for 'The 20', its women in tech startup pitch competition.
How Edinburgh-based startup Folarity is combining big data and artificial intelligence to combat the decline of our forests
The London based business that is on a mission to disrupt the way that young professionals live, work and engage
Published on: 17th January 2020
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Newable acquires boutique flexible office start-up Bold 3rd Feb 2020 Exciting news for London-based space-as-a-service start-up, Bold with its acquisition by Newable
- Women in tech pitch competition to find all-Ireland startup champion 3rd Feb 2020 LINEUP 2020, taking place on 5th March in Derry, has opened up applications for 'The 20', its women in tech startup pitch competition.
- Lineup 2020 announces key speakers, sponsors and themes 27th Jan 2020 The inaugural LINEUP tech event, happening in Derry, NI has announced key speakers, sponsors and themes for its 5th March event.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
