How to Get a Free £75 Pension Boost – A Step-by-Step Guide

If you're looking to boost your pension for free, there's a simple two-step method that allows you to earn £75 with minimal effort. This involves signing up for PensionBee and then transferring your funds to Penfold to claim their referral bonus. Here’s exactly what you need to do:

Step 1: Sign Up to PensionBee

1. Create an account – Head over to Pension Bee and sign up. You don’t need an existing pension; you can simply open a new account. No need to contribute anything—just stop at this step and check your emails. No need to transfer a pension—select "self-employed" when prompted.
2. Claim your free £50 bonus – PensionBee will add a £50 bonus to your account, giving your pension an instant boost. *Note - you’ll need to be an income tax payer to be eligible for this promo.

Step 2: Transfer to Penfold for an Extra £25

Wait for your Pension Bee bonus to clear before starting this step (it should take approx 12 days)

1. Sign up to Penfold– Head over to Penfold and create an account.
2. Request a pension transfer– Once your Pension Bee account is set up, initiate a transfer from Pension Bee to Penfold. This can be done within the Penfold dashboard.
3. Receive your £25 bonus– Once the transfer is complete, Penfold will credit your account with £25.

Total Free Money Earned

By following this method, you’ll have earned £75 in total (£50 from PensionBee and £25 from Penfold), just for moving your money between two providers. You can keep this Pension to complete more offers that require a transfer (this saves you using your primary pension).

Things to Consider

• Pensions are long-term investments, and withdrawing before retirement may not be possible.
• Both Pension Bee and Penfold charge fees, so check their fee structures before committing.