Starling adds pension provider Penfold to its marketplace

Pension provider for the self-employed Penfold has been added to the Starling Marketplace.

Figures show that just 15% for self-employed people pay into a pension, meaning that thousands are missing out on those tax benefits and the opportunity to increase their financial security.

Penfold is designed for people who are self-employed and want to save for retirement, even when their monthly income fluctuates. This is done by giving them the chance to pause or alter their pensions at any time via the app Penfold’s web portal.

“Our business customers work incredibly hard ensuring their companies thrive, but planning for retirement isn’t always factored in,” said Anne Boden, founder and CEO of Starling Bank. “The integration with Penfold will encourage them to invest and benefit from the government contributions and tax relief which can make savings go so much further.”

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