Auto-Enrolment Is Nearly Here – What Does It Mean for Employers?

The Government’s new statutory retirement savings system will go live from 1^st January 2026. The scheme known as MyFutureFund, will be overseen and administered by the National Automatic Enrolment Retirement Savings Authority (NAERSA). NAERSA will identify which employees meet the eligibility criteria for auto-enrolment using Revenue payroll data and will enrol them, which should result in minimal administrative work for employers.

Employees will be enrolled automatically in the new pension scheme if they are:

• Aged between 23 years and 60 years;
• Not currently part of a pension plan; and
• Earn €20,000 or more per year (there is an earnings threshold of €80,000).

Employees will have the option to opt-out (after 6 months, but before 8 months) or suspend their participation in the scheme.

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