Pensions & Auto Enrolment
Pensions & Auto Enrolment
Auto-enrolment is a new pension savings scheme for certain employees who are not paying into a pension. This is expected to be introduced in January 2025. Under the scheme, the employee, employer, and Government all pay a certain amount into the employee’s pension fund. A new public body, the National Automatic Enrolment Retirement Savings Authority, will be set up to administer the Auto-enrolment scheme. The scheme will be supervised by the Pensions Authority. Rory Hennessy of Milford Financial Services, along with his Colleagues in Aviva, will take us through all you need to know regarding the upcoming changes.