Important update: Pension auto-enrolment and minimum contribution requirements

The National Automatic Enrolment Retirement Savings Authority (NAERSA) is now reviewing all participants who have qualified for an exemption from MyFutureFund to ensure that they meet the minimum standards for exemption.

Exemption requirements

To claim an exemption from MyFutureFund, an existing occupational pension scheme must meet the minimum contribution standards set out in the regulations:

• Minimum total contributions: the lower of 3.5% of gross pay or €2,800
• Minimum employer contribution: 1.5% subject to a cap of €1,200
• Thresholds apply up to a salary of €80,000
• Contribution levels will be reviewed over a three-month assessment period.

Enforcement action and next steps

Enforcement will apply where employers fail to engage with NAERSA or restrict access to MyFutureFund or a compliant scheme.

Where employers fail to take the action outlined by NAERSA, updated Auto‑Enrolment Participation Notices (AEPNs) will be issued for the affected employees, and they will be enrolled in MyFutureFund.

Employers should urgently review their current pension arrangements to ensure they meet the minimum contribution thresholds.

If you require support on engagement with NAERSA, contact your usual Azets adviser or get in touch with our specialist team today.