The Pat Kenny Show All you need to know about the new auto-enrolment pension system
Nov 5, 2025
Caroline Rowan, Head of Retirement Consulting at Aon Ireland, shares insights on Ireland's auto-enrolment pension system set to launch in 2026. She emphasizes the importance of November for employers preparing their payrolls. Caroline discusses various options for workplace schemes, tax advantages for higher earners, and the implications of opting out. She explains how the system will manage employee transfers and contributions, while addressing concerns about affordability and trust. Perfect for anyone looking to understand their retirement options!
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Act Now: Use November Payroll Window
- Employers should enroll eligible staff in November payroll if they want them in workplace schemes rather than the My Future Fund.
- Start employee communications now to avoid surprises from January deductions.
Who Benefits Most From Workplace Plans
- Higher earners generally gain more from occupational workplace pensions due to tax relief on contributions.
- The My Future Fund is relatively better value for low earners at minimum contribution levels.
Know What Happens If You Leave AE
- If you move from the auto-enrolment pot to a workplace scheme your AE pot freezes and employer/state contributions remain locked until state pension age.
- You can withdraw your own contributions but cannot transfer the AE employer/state amounts to a private pot.