calculators.ieAll calculators

Auto-enrolment calculator

Under My Future Fund you pay 1.5% of your gross pay, your employer pays the same and the State adds 0.5%. The rates rise every three years to 6%, 6% and 2% from 2035.

More options
You pay a month 
This year
WhoA monthA year
Projected pot at 66
 
You pay in, in total
 
Employer pays in
 
State pays in
 
Compared with a personal pension

Year by year
YearAgeRatePaid inPot

This is an estimate for general information, based on the rates and rules described on this page. It is not financial, tax or legal advice and does not take account of your full circumstances. Check your own position with Revenue or a qualified financial adviser before making a decision. Terms of use.

Illustration for the auto-enrolment calculator

How it is worked out

Contributions are a percentage of gross pay up to €80,000. The rates step up every three years:

YearsYouEmployerState
2026 to 20281.5%1.5%0.5%
2029 to 20313%3%1%
2032 to 20344.5%4.5%1.5%
2035 on6%6%2%

The projection grows your salary by the salary growth rate each year, adds that year's contributions at the end of the year, and grows the pot by the investment growth rate. Figures are in future euro, not adjusted for inflation. The earnings cap is held at €80,000.

The personal pension comparison puts the same cost to your take-home pay into a pension with income tax relief at your top rate, held at this year's rate. There is no employer or State contribution in that comparison, and USC and PRSI relief do not apply to pension contributions.

Example. On €40,000 in 2026 you pay €600 a year (€50 a month). Your employer adds €600 and the State €200, so €1,400 goes in. Starting at 35 with 2% salary growth and 4% investment growth, the pot at 66 is about €349,962.

Sources

Rates last checked 10 October 2026. Every figure is listed on rates and sources.

Questions

Who is automatically enrolled?
Employees aged 23 to 60 earning over €20,000 a year across all their jobs, who are not already in a workplace pension through payroll. Others can opt in.
How much do I pay into My Future Fund?
1.5% of your gross pay from 2026, rising every three years to 6% from 2035. Your employer pays the same, and the State adds 0.5% rising to 2%. Contributions are worked out on pay up to €80,000.
Do I get tax relief on auto-enrolment contributions?
No. Your contribution comes out of pay after tax, so the full amount reduces your take-home pay. The State top-up takes the place of tax relief: for every 3 euro you pay in, the State adds 1.
Can I opt out?
You can opt out or suspend contributions in the two months after the sixth month of membership, and again after each rate increase. If you opt out you get back your own contributions; the employer and State contributions stay in the fund. You are re-enrolled after two years if you still qualify.
When can I take the money?
At State pension age, currently 66. Earlier access is limited to serious ill health.
How does it compare with a personal pension?
A personal pension gets income tax relief at 20% or 40% but no State top-up, and an employer does not have to contribute. With 40% relief, each 100 euro taken from your take-home pay puts about 167 euro into a personal pension. In My Future Fund, each 100 euro you pay brings 33 euro from the State and 100 euro from your employer, so about 233 euro goes in.

Related calculators