Ireland 'My Future Fund' Auto-Enrolment Retirement Savings Calculator
Calculate Ireland 'My Future Fund' Auto-Enrolment pension savings: Employee & Employer 1.5% to 6% match + State €1-for-€3 top-up up to €80,000 cap.
Calculate Ireland 'My Future Fund' Auto-Enrolment pension savings: Employee & Employer 1.5% to 6% match + State €1-for-€3 top-up up to €80,000 cap.
Calculate Ireland 'My Future Fund' Auto-Enrolment pension savings: Employee & Employer 1.5% to 6% match + State €1-for-€3 top-up up to €80,000 cap. Calculate exact, penny-accurate projections compliant with 2026 Revenue Commissioners • DSP • Central Bank of Ireland standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Statutory €80,000 cap & progressive government match
Deducted via net payroll
Mandatory 100% employer match
€1 for every €3 employee puts in
Basis = \min(Salary, €80,000) \\
Contribution_{Employee} = Basis \times Rate_{Phased} \quad (1.5\% \rightarrow 6.0\%) \\
Contribution_{Employer} = Contribution_{Employee} \quad (1:1\text{ Match}) \\
Top\text{-}Up_{State} = \frac{1}{3} \times Contribution_{Employee} \quad (33.3\%\text{ Bonus}) \\
Pot_{Total} = \sum (Emp + Employer + State) \times (1 + r)^tUnder the Irish Automatic Enrolment Retirement Savings Scheme ('My Future Fund'), for every €3 an employee saves, their employer contributes €3 and the State adds €1 (a guaranteed 133% instant match before investment returns). Phased from 1.5% up to 6.0% capped at €80,000 gross annual earnings.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Central Bank of Ireland mortgage caps, Revenue PAYE/USC/PRSI rules, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or Irish Revenue documentation prior to executing financial commitments.
Employees who are aged between 23 and 60, earn more than €20,000 per year across all employments, and are not currently participating in an approved occupational pension scheme are automatically enrolled.
Employers match your employee contributions 100% (euro-for-euro). The Irish State contributes €1 for every €3 you save (a 33.3% top-up). Thus, saving €300 yields an instant €700 into your personal retirement account.
Yes. Participation is mandatory for the initial 6 months. Between months 7 and 8, you have an opt-out window to withdraw and receive your employee contributions back. However, employees will be re-enrolled every two years.
For basic-rate taxpayers (20% bracket), Auto-Enrolment offers a far superior 33.3% State top-up plus employer matching. Higher-rate (40%) taxpayers without existing employer matching should compare whether 40% marginal PAYE relief in a PRSA is more tax-efficient.
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