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Penfold urges workers to check pension setup to improve take-home pay
Chris Eastwood, CEO at Penfold, said: “No budgeting hack will ever come close to the long-term impact of making sure your pension is properly set up."
Penfold
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£2,000 cap to salary sacrifice will cut NI savings, warns Penfold
Chris Eastwood said: “Anyone contributing more than £2,000 a year through salary sacrifice will lose NI savings on the excess, and employers will see their NI costs rise accordingly."
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Most workers ready to double pension savings, finds Penfold
53% of employees said they would increase their pension contributions if their employer matched the amount.
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Nine in 10 workers say workplace pensions influence job decisions – Penfold
57% of workers rated a pension as ‘very important’ when choosing a new job – higher than any other benefit.
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Millions of higher-rate taxpayers risk missing pension tax relief, says Penfold
Chris Eastwood, CEO at Penfold, said: “If you don’t claim the extra relief you’re entitled to, you simply pay more tax than you need to.”
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Pensions end 2025 in strong position as major reforms loom, Penfold says
Chris Eastwood, CEO of Penfold, said recent policy decisions have brought short-term stability but signalled longer-term change.
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Workers urged to protect Christmas bonuses from tax through pension sacrifice
Penfold warned that bonuses are taxed in the same way as salary, meaning a significant portion can be lost before it reaches employees’ bank accounts.
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Penfold surpasses £1bn milestone as demand for modern workplace pensions accelerates
The company said rising demand for simpler, more engaging pension services has fuelled its rapid growth.
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Pensions sector prepares for possible tax reforms ahead of Autumn Budget – Penfold
Elements of pension tax relief, salary sacrifice schemes and the long-standing 25% tax-free lump sum could be reviewed as part of an effort to close a £22bn funding gap.
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Penfold surpasses 100,000 savers as demand for digital pensions soars
The firm also now supports pensions for over 4,000 businesses – from startups to large firms.