The Pat Kenny Show The MyFutureFund portal officially opened for employers this week.
Dec 4, 2025
Dara Calleary, the Minister for Social Protection and Fianna Fáil TD for Mayo, dives into the newly launched MyFutureFund auto-enrolment pension scheme. He highlights the urgent need for this initiative, noting the significant number of workers without pensions. Calleary explains the 3:3:1 contribution model and how employees can opt out. He discusses governance, the role of NIRSA, and the retirement drawdown age. The conversation also touches on eligibility, voluntary contributions, and practical queries related to part-time workers. Plus, don't miss his insights on upcoming winter bonus payments!
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National Auto-Enrolment Launches
- MyFutureFund is Ireland's national auto-enrolment pension system created to cover 750,000 workers with no pension provision.
- Dara Calleary says it aims to avoid a steep drop from average wages to the state pension by enrolling workers automatically.
Employers: Register Now On Portal
- Employers should register on myfuturefund.ie using their Revenue Online details and enter employee data.
- Dara Calleary reports the portal takes about five to ten minutes and employers then choose a payment option and run payroll as normal.
Contribution Split And Employee Visibility
- Expect contributions of €3 from employee, €3 from employer and €1 from the state for the first three years.
- Employers must inform employees of enrolment and employees can track their fund via a forthcoming app.