If you haven’t decided on your plan for Auto Enrolment yet, don’t delay. Time is running out. You need clear decisions and a rollout plan before the new rules kick in.
If you ignore Auto Enrolment, the Government will decide for you – and for many businesses, especially in competitive sectors, that could mean real headaches come January.
In particular, if you have any staff earning in excess of €44,000, the default Government scheme will put them at a clear disadvantage from a tax point of view over the alternatives.
The choice you need to make is straightforward. You have three main options:
- Use the Government’s new scheme – “My Future Fund”
- Set up a private pension arrangement through a financial broker or provider such as Aviva, Zurich, Irish Life, New Ireland, Standard Life etc.
- Use a mix of both (for different groups of staff or different objectives)
There’s no one-size-fits-all solution. Each option has its own advantages and drawbacks, and the “right” answer depends on your business, your budget, and your people.
In a 20-minute call, we’ll:
- Understand your business and your staff profile
- Outline the pros and cons of each route in plain English
- Recommend the approach that best fits your company
We can help you pick the right approach and support you and your staff in the lead up to Auto Enrolment and post launch.
Fill in the short form below and an advisor will be in contact. Alternatively, call us now on (01)8570655.