.png)
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.
Business owner? Here are some basic tips on how you can reduce the chance of accidents occurring in your workplace
True Gum is an innovative FoodTech startup that's created a chewing gum that's healthier and environmentally friendly too
Small Business Saturday aims to support, encourage and uplift small businesses across the UK with their first virtual roadshow
Got a construction project coming up? Here are a few reasons why it might be better to hire a crane than buy one
.jpg)
SME and starting to plan for Black Friday? These tips will help you create an effective customer comms strategy in the lead-up
.jpeg)
If your business is facing project delays or your meetings are no longer productive, these tips on how to improve your overall business efficiency should help
Crowdcube and Episode 1 forge partnership to back deep tech startups and invest in the next generation of digital infrastructure
Wellness app Urban raises £5.9 million on investment platform Seedrs to help it further develop its services and expand to more cities
Vi, a new 6-week digital programme for pre-seed and pre-accelerator level tech startups to prep them for investment, growth and scale launches
Vasile Foca, co-founder and managing partner at Talis Capital outlines why the Chancellor's measures are not enough to tackle the skills deficit and social security issues
Published on: 17th January 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Small Business Saturday launches UK’s first virtual roadshow to support small businesses 29th Sep 2020 Small Business Saturday aims to support, encourage and uplift small businesses across the UK with their first virtual roadshow
- Crowdcube launches partnership with £100m fund to fuel digital infrastructure and deep tech startups 28th Sep 2020 Crowdcube and Episode 1 forge partnership to back deep tech startups and invest in the next generation of digital infrastructure
- On-demand wellness app, Urban secures major funding boost 28th Sep 2020 Wellness app Urban raises £5.9 million on investment platform Seedrs to help it further develop its services and expand to more cities
- Tech Startup Incubator Vi offers access and learning for pre-seed startups 27th Sep 2020 Vi, a new 6-week digital programme for pre-seed and pre-accelerator level tech startups to prep them for investment, growth and scale launches
