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.

Are you aware of the upcoming increases to PRSI contributions?

Class A PRSI, which covers most employed persons, will increase from 4.10% to 4.20% employee rate.

The employer rate will increase from 11.15% to 11.25% and from 8.9% to 9% where weekly income is €496 or less.

Class S PRSI, which covers self-employed people, including certain company directors, will increase from 4.10% to 4.20%.

Ireland’s statutory sick pay scheme is a vital step in protecting employees' well-being and financial stability during periods of illness. This legislation ensures that employers provide a minimum level of paid sick leave, offering essential financial support when employees are unable to work due to illness or injury.

The 2025 tax year introduces a variety of changes that employers need to be aware of to stay compliant and manage their payroll processes effectively. While some updates provide tax relief, others bring new responsibilities.

As the festive season approaches, many businesses are looking for ways to show their appreciation to employees. While cash bonuses might be a tempting option, the tax implications can significantly reduce the net value.

The Finance Act 2022 introduced mandatory real-time reporting of certain ‘reportable benefits’ provided to employees and directors. The introduction of this reporting requirement is subject to a commencement order but it is due to go live on 1 January 2024.

The Finance Act 2022 introduced mandatory real-time reporting of certain ‘reportable benefits’ provided to employees and directors. The introduction of this reporting requirement is subject to a commencement order but it is due to go live on 1 January 2024.