Ireland's new retirement savings scheme will auto-enrol employees who:
- Are aged 23-60
- Earn over €20,000
- Don't already have a pension.
For every €3 an employee contributes, you will add €3, and the state adds €1. That means €7 goes into their savings account.
Sage 50 Payroll will support auto-enrolment
Coming later this year, our next software release will make auto-entry easy.
You'll retrieve pension instructions, similar to RPNS, so your software knows who to enrol. it will calculate contributions automatically and show them on payslips and reports.
There's no set-up needed, just update your software. Want to know more? Read our Auto-enrolment FAQ
