What Is Auto Enrolement?

The Government has introduced Auto Enrolement to employees aged between 23 and 60 years who earn anything more than €20,000 across all employments the employee works for per year or earn more than €5,000 over a 13-week period.

This has been designed for your pension in the future when you retire. The scheme will auto enrol employees meeting these criteria, and it is an obligation for all employers to commit to the scheme. It has been designed for the employee, the employer and the state to make regular contributions to your future fund.

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Who is enrolled?

If you are an employer, by law you must participate.

Examples of Deductions

Examples at €400 gross pay per week

Year of Scheme Employee Employer Government Pension Pot
Years 1 to 3 1.5% €6.00 1.5% €6.00 0.5% €2.00 €14.00
Years 4 to 6 3.0% €12.00 3.0% €12.00 1.0% €4.00 €28.00
Years 7 to 9 4.5% €18.00 4.5% €18.00 1.5% €6.00 €42.00
Years 10 and onward 6.0% €24.00 6.0% €24.00 2.0% €8.00 €56.00