77,000+ employers now already registered for MyFutureFund as employee portal opens on January 1st.
The Government has confirmed that more than 77,000 + employers, representing approximately 645,000 employees, have already registered on the MyFutureFund employer portal since it opened on December 1st last.
MyFutureFund is Ireland’s new automatic enrolment retirement savings system, due to begin from 1 January 1st 2026, aimed at employees not currently in a workplace pension. Eligibility is expected to cover employees aged 23 to 60, earning €20,000 or more across all employments, where they are not already part of a pension plan in the relevant employment. See Financial Support Services Unit (FSSU).
Contributions to begin in January.
From January 2026, contributions are set to commence at:
- 1.5% employee contribution (based on gross pay).
- 1.5% employer contribution.
- 0.5% State top-up.
Contribution rates will increase on a phased basis over a decade:
- 2026–2028: 1.5% / 1.5% / 0.5%
- 2029–2031: 3% / 3% / 1%
- 2032–2034: 4.5% / 4.5% / 1.5%
- 2035 onwards: 6% / 6% / 2%
How savings will be managed.
The Irish Government said contributions will be collected and invested on employees’ behalf in well-regulated investment funds, with returns building a retirement savings pot available at retirement.
The scheme is to be administered by the National Auto-Enrolment Retirement Savings Authority (NAERSA), which will handle enrolment, collection and investment of contributions, and related administration.
Charges and portability.
Participant charges under MyFutureFund include:
- an administration fee of 55 cent per week (applying to active contributions),
and - investment management fees averaging just under 0.04% of assets under management.
The scheme operates a “pot follows the member” approach, allowing employees to carry savings from job to job, with no minimum waiting or vesting periods.
Next steps: employee portal opens New Year’s Day.
The next phase of the rollout is the launch of the employee portal on January 1st, 2026.
From mid-January, employees will be able to view their own contributions as well as those made by their employer and the State, once collected and processed by National Auto-Enrolment Retirement Savings Authority (NAERSA).
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