The Irish Government has announced that from 2022, all workers will be put into an automatic enrolment retirement savings system in a bid to address Ireland’s significant retirement savings gap. The intention is that the employee’s contribution to the scheme will be topped up by contributions from the State and from the individual’s employer. Setting up a group pension scheme now will put you ahead of the curve once auto-enrolment comes in.
Having a company pension scheme is not only a prudent provision to have in place for staff, it also has the following benefits:
It can be very challenging for small and medium-sized businesses to attract and retain talent; having a well-researched and comprehensive benefits package can really put you ahead of the competition. Offering a good pension is one such benefit, and we can also advise on other attractive benefits, such as death-in-service and income protection schemes. We can tailor a package based on the company’s affordability to keep the expense as competitive as possible.
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