Auto Enrolment

Written By Helen Murphy

Auto-enrolment is a government initiative designed to help people save for retirement through a workplace pension scheme. Here’s an outline of what it’s about:

  • Purpose: To ensure more employees save money for their retirement.

  • How it works: Employers must automatically enrol eligible workers into a pension scheme.

  • Eligibility: Employees aged 23 to 60 earning €20,000 or more annually who are not already in a pension scheme will be automatically enrolled

  • Contributions:

    Employers and employees will each contribute 1.5% of gross earnings initially.

    Rates will gradually increase to 6% over 10 years.

    The State will also contribute €1 for every €3 saved by the employee.

  • Opting out: Employees can opt out in months 7 or 8 but will be re-enrolled every two years if still eligible

  • Benefits: Encourages long-term saving, provides financial security in retirement, and ensures shared responsibility between employee, employer, and government.

    For Additioanl Advice or Guidance Contact our Financial Serivces Director -

    Justin O’Gorman

    justin@jdmisurance.ie

    01 2988266

Helen Murphy
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