The Irish Government has unveiled comprehensive legislation for a new auto-enrolment pension scheme called My Future Fund, due to launch on 1 January 2026.

This initiative addresses a long-standing gap in retirement savings currently, only around 35% of private sector employees have supplementary pension schemes. The legislation, passed in 2024, aims to make saving for retirement easier for workers while simplifying pension provision for employers.

The introduction of pension auto-enrolment on 30 September 2025 presents significant budgeting challenges for Irish employers. Clearly understanding and proactively planning for these implications is essential for maintaining financial stability.

The impending introduction of pension auto-enrolment in 2025 is set to significantly impact Irish employers, particularly small and medium-sized enterprises (SMEs). This government initiative aims to increase the number of people saving for retirement by automatically enrolling eligible employees into pension schemes. While the goal is commendable, the practical implications for businesses, especially SMEs, could be far-reaching.

The IPASS Conference 2024 discussed some significant updates to Ireland's employment landscape, particularly with the introduction of the Auto Enrolment Retirement Savings System set to go live in Q1 2025.

The government has announced details of new legislation for the auto-enrolment pensions savings scheme. It’s designed to encourage workers to save for their retirement and make it more straightforward for businesses to offer a workplace pension option.