Five months on from the introduction of My Future Fund, Ireland’s new auto-enrolment retirement savings scheme, employers should take the opportunity to review their payroll processes and ensure they remain compliant with their ongoing obligations.

While many businesses focused on implementation at the start of the year, maintaining compliance requires continuous monitoring. From employee eligibility to contribution calculations, regular reviews can help employers avoid errors and ensure the scheme is operating as intended.

Review Employee Eligibility

Employee circumstances can change throughout the year. New hires, salary increases, and changes in employee age may result in additional workers becoming eligible for auto-enrolment.

Employers should have processes in place to regularly review their workforce and identify employees who now meet the eligibility criteria.

Check Payroll Processes

Accurate payroll administration remains one of the most important aspects of auto-enrolment compliance.

Now is a good time to review:

• Contribution calculations
• Payroll deductions
• Employer contribution payments
• Employee records and reporting procedures

Identifying and correcting issues early can help prevent complications later in the year.

Understand Employee Opt-Outs

Some employees may choose to opt out of the scheme after being enrolled. Employers should ensure they understand the relevant procedures and maintain accurate records of any opt-out requests.

Having clear internal processes can help ensure employee requests are handled correctly and in line with the scheme requirements.

Budget for Ongoing Contributions

Auto-enrolment has introduced a new cost consideration for many employers. Reviewing the impact of employer contributions on cash flow and budgeting can help businesses plan effectively for the remainder of 2026 and beyond.

As workforces grow and employee earnings change, contribution costs may also increase.

Review Existing Pension Arrangements

Businesses that already offer pension schemes should periodically review their arrangements alongside their auto-enrolment obligations.

A review can help ensure existing pension structures continue to meet business and employee needs while avoiding unnecessary duplication.

Keep Employees Informed

Employees may still have questions about how the scheme works, contribution levels, and the benefits of long-term retirement savings.

Providing clear communication and support can help employees better understand the scheme and encourage engagement with their retirement planning.

How Gallagher Keane Can Help:

Auto-enrolment represents one of the most significant changes to employer payroll responsibilities in recent years. Ongoing compliance is just as important as the initial implementation.

At Gallagher Keane, we work with employers to help manage payroll obligations, maintain compliance, and navigate the practical challenges of My Future Fund. If you would like guidance on your responsibilities or support with payroll processes, our team is here to help. Contact us at info@gallagherkeane.ie or call +353 1 969 5100