This video explains how to transfer ps4 data to your ps5 which includes Saved data transfer and also Transferring games and applications
There are definitely a few hoops to jump through, but you can transfer PS4 save data to PS5 fairly painlessly with one of these three options
Other ways to transfer data from ps4 to ps5
Option 1: Use data transfer during setup
If you're wanting to transfer PS4 save data to PS5, this is your first option. Update to the latest system update on your PS4 so it's ready for data transfer, and sign in to the same user account that you plan to use on PS5. Connect your PS4 to the same Wi-Fi network as your PS5, and connect the two consoles via an ethernet cable to speed up the transfer process.
Follow the onscreen instructions and your apps, games, and saves will move over from your PS4 to the PS5. You can even continue using the PS5 while this process takes place.
Option 2: Download PS4 save data from PS Plus cloud storage
If you’re a PS Plus member, it’s likely that your PS4 save data will have been automatically uploaded to the cloud. If it hasn’t, simply turn on your PS4 and head to Settings - Application Data Management - Saved Data in System Storage - Upload to Online Storage. Select the save file you want to upload and hit 'yes'.
To download PS4 save data from the cloud on PS5, head to Settings - Saved Data and Game/App Settings, then select Saved Data (PS4) - Cloud Storage. You’ll then be presented with the option to ‘Download to Console Storage’, click through and you’ll see all your available save files that you can download to the PS5’s console storage.
