Your Pension & Auto-Enrolment

Auto-Enrolment is Coming – Are You Ready?

Starting 1 January 2026, if you’re aged 23–60 and earn over €20,000, you’ll be automatically enrolled in the new My Future Fund pension scheme.
But Auto-Enrolment is just one option. Let Moore Financial help you understand what’s best for your future.

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What is Auto-Enrolment (AE)?

Auto Enrolment is a government-backed pension savings system that will automatically enroll eligible employees into a pension scheme called My Future Fund.

The program addresses Ireland’s pension coverage gap by ensuring workers who aren’t already in a pension scheme begin saving for retirement.

Eligibility: Who Will Be Automatically Enrolled?

Age Requirements

Employees must be between 23 and 60 years old to qualify for automatic enrollment in the program.

Income Threshold

Employees must earn more than €20,000 per year across all employment to be automatically enrolled.

No Existing Coverage

Only employees who aren’t already participating in a qualifying workplace pension scheme will be automatically enrolled.

Employees who don’t meet these criteria may still be able to opt in voluntarily to benefit from employer contributions and State top-ups.

Three-Way Funding Model

Contributions will come from three sources:

  • Employees
  • Employers
  • The State

Contribution Structure and Timeline

Year 1 (2026)

Starting contributions

  • 1.5% from employee
  • 1.5% from employer
  • 0.5% State top-up

Years 2-9

Gradual increase in contribution rates for all parties over time

Year 10

Final contribution rates

  • 6% from employee
  • 6% from employer
  • 2% State top-up

 

Rates over time

Your Options

While AE is automatic, you have choices:

  • Remain in AE and follow the State-managed plan
  • Opt for a PRSA or join a company pension scheme
  • Make Additional Voluntary Contributions (AVCs) to boost your pension

Opt-Out Windows

Employees can choose to opt out during specific periods:

Between months 7-8 after initial enrollment

Following any future increase in contribution rates

Contribution Suspension

After 6 months of participation, employees can temporarily suspend contributions for up to 2 years.

Opt out window

How Moore Financial Helps

We explain your investment choices

Show you tax benefits of private pensions

Help with ARFs, annuities, and lump sums at retirement

Provide one-on-one advice, so you’re not navigating alone

Get personalised pension guidance today.

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