If you missed our free webinar on Ireland’s upcoming Auto-Enrolment Scheme on Wednesday 25th of September with Shane Prendergast, Senior HR Consultant at Voltedge Management, and Leah Pittam, Managing Director & Founder of Progressive Financial Services, click here to watch the recording.
Scheduled to launch soon, this government initiative aims to significantly increase pension savings among workers, presenting both opportunities and challenges for businesses like yours.
Key topics:
- What is Auto Enrolment? A brief overview of the scheme and its goals.
- Who Will Be Auto Enrolled? Understanding the eligibility criteria for employees.
- How Will It Work? The process and mechanics of automatic enrolment.
- Employer Obligations: Your responsibilities, from enrolling employees to managing contributions and compliance.
- Key Considerations: Practical advice on preparing your business for the changes ahead.
Whether you’re already offering a pension scheme or are new to employee pensions, this free webinar provides valuable insights to help you navigate the upcoming changes confidently.
Who is the webinar for:
SME employers, HR professionals, payroll managers, and anyone responsible for managing employee benefits and compliance within small to medium-sized enterprises.
Click HERE to watch the webinar recording.
Key Takeaways
Prepare for Auto-Enrolment:
From early 2025, you’ll be required to automatically enrol eligible employees into a pension scheme. Start reviewing your payroll systems and current pension offerings now to ensure a smooth transition and compliance with the new regulations.
Who is Affected:
Auto-enrolment applies to employees aged 23 to 60, earning €20,000 or more annually, who do not have an existing occupational pension scheme. Contributions will be based on earnings up to €80,000. This initiative primarily targets sectors with traditionally low pension coverage, particularly in the private sector.
Employer Responsibilities:
Employers must deduct employee contributions and submit them, along with their own, starting in 2025. Employers are also required to re-enroll employees who opt out during automatic re-enrollment periods every two years. Failure to comply may result in fines.
Budget for Contributions:
Prepare for an employer contribution, starting at 1.5% of employee salaries, with contributions increasing over time. Incorporate these into your financial planning early to manage rising costs and avoid budgetary surprises.
About the Speakers
With nearly 20 years experience in the financial sector, Leah Pittam, Managing Director and Founder of Progressive Financial, a Qualified Financial Advisor, Project Management Professional and currently undertaking her Certified Financial Planner designation.
She is passionate about putting people in control of their finances and creating a clear and effective plan for the future. Her specialty is taking complicated concepts or products and making them easy to understand. She volunteers on the Board of Directors for Brokers Ireland, the industry body for Financial and Insurance Brokers. Leah has vast experience working with small and medium-sized enterprises. She is particularly passionate about ensuring executives manage their own finances well while also attracting and retaining talent to their business.
Shane Prendergast joined Voltedge Management in early 2024 as a Senior HR Consultant & Client Services Programme Manager. With over 15 years of experience in senior human resources and sales operations positions at a global level, Shane brings a wealth of expertise to the team. His career has seen him overseeing and managing global HR teams, operations, projects, programs, and strategies for leading technology companies.
Shane’s unique blend of HR practitioner experience and a strong background in the commercial side of business through his sales operations roles positions him perfectly to drive our Client Services. His comprehensive understanding of both HR and business dynamics enables him to deliver solutions that align with our clients’ strategic goals and operational needs.
Shane is committed to leveraging his extensive experience to support Voltedge Management clients in achieving their HR and business objectives. His passion for people and culture, coupled with his strategic mindset, ensures that he delivers impactful and sustainable solutions that contribute to the overall success of our clients. Highlighted Experience: Project Management, Employee Engagement, HR Operations, Organizational Culture, Change Management.
