* Digital pension provider sees one-off pension contributions increase by 182% in the final two weeks before April 5th.

New data from digital pension provider Penfold shows a sharp rise in pension contributions in the run-up to the tax year deadline, highlighting strong saver engagement and a clear appetite to make the most of tax relief.

In the final two weeks before April 5, one-off pension contributions increased by 182% compared with the previous fortnight. The average last-minute top-up reached £6,553, showing that many savers leave meaningful pension decisions until the final days of the tax year.

Overall, total pension contributions on the Penfold platform rose by almost 50% (49.77%) year-on-year. One-off contributions also rose by over 25% (25.67%) year-on-year, reinforcing the role of key moments, like the tax year end, in prompting people to take action on their long-term savings.

Chris Eastwood, CEO at Penfold, says the data reflects a strong level of engagement among Penfold users.

"The tax year end remains one of the most important moments for pension saving. What stands out is how many people actively use this deadline as a prompt to review and boost their pensions.

"It is encouraging to see savers taking action and making meaningful contributions towards their future."

Eastwood adds that this momentum creates a strong foundation for the year ahead.

"The surge in activity shows that people care about their pensions and are willing to act when given a clear opportunity. The start of a new tax year is a natural next step. It's a chance to build on that momentum and turn one-off actions into regular habits."

"By establishing or increasing regular contributions early in the tax year, savers can stay on track and make steady progress towards their goals, all while still keeping the flexibility to top up when it suits them."

Eastwood concludes, "What we're seeing is positive. People are engaged, they're taking action, and they're making the most of the incentives available. That's exactly the kind of behaviour that supports better long-term outcomes."

-ENDS-

About Penfold

Penfold is a digital workplace pension provider on a mission to help everyone save enough for a comfortable later life. Designed to make pension saving effortless, Penfold's platform combines cutting-edge technology with award-winning customer service to give savers greater control, clarity, and confidence over their retirement planning. Thousands of businesses of all sizes trust Penfold to simplify employee auto-enrolment pension management, while individuals benefit from an easy-to-use app and transparent investing.

Founded in 2018, Penfold is challenging the status quo of the pensions industry with a modern, user-friendly alternative to traditional providers. Penfold was named in The Telegraph's UK's Best Pension Provider 2025 list, holds a 5-star Defaqto rating, and has an 'Excellent' rating (4.7 stars) on Trustpilot for its outstanding customer experience.

Media Contacts

Avinash Nandra / Benjamin Hart

Spreckley

Tel: +44 (0)207 388 9988

Email: Penfold@spreckley.co.uk