Auto-Enrolment (My Future Fund) Support for Employers
Ireland’s Auto-Enrolment retirement savings system, My Future Fund, is now in place, helping more employees save for retirement through regular contributions from themselves, their employer and the State. Eligible employees who are not already contributing to a workplace pension through payroll have been automatically enrolled from 1 January 2026.
For employers, the introduction of Auto-Enrolment acted as a catalyst, encouraging employers to review their pension arrangements and understand how Auto-Enrolment impacts their business. Whether you already have a workplace pension scheme or have employees in My Future Fund, we’re here to help ensure your decision remains right for you and your workforce.
Auto-Enrolment doesn’t have to be complicated. Auto-Enrolment guides, resources and meeting with a pension consultant can support you every step of the way.
If you already have a pension scheme in place
- Review your existing pension arrangement to ensure it continues to meet the needs of your business and employees.
- Consider whether your current scheme remains the most appropriate solution when compared with Auto-Enrolment.
- Seek professional advice to understand future contribution costs and any actions you may need to take.
If you don’t currently offer a pension scheme
Now is the right time to consider your options:
- Continue with the State Auto-Enrolment scheme for eligible employees.
- Introduce a workplace pension scheme that aligns with your business objectives and employee benefits strategy.
Both options have different implications for your business, so understanding the costs, administration requirements and employee benefits is important.
Three questions every employer should ask
- Which employees in my business are likely to be affected by Auto-Enrolment?
- What pension solution best supports my employee recruitment, retention and wellbeing goals?
- What level of pension contributions can my business comfortably support in the years ahead?
Here to Help
Choosing the right pension approach can benefit both your business and your employees. Meeting a corporate pension consultant can help you understand your responsibilities, review your options and identify a solution that works for your organisation.
Talk to a Bank of Ireland corporate pension consultant today and get the support you need to navigate Auto-Enrolment with confidence.