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.