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Pension

  • 12-06-2017 3:16pm
    #1
    rorymagory
    Registered Users, Registered Users 2 Posts: 87 ✭✭


    Hi, quick question about pensions:

    A colleague mentioned to me today that a company is legally obliged to contribute to a pension for employees aged 25 and over, or at least allow the employee to contribute to a pension / make them aware of a pension scheme.

    Anyone know if this is true?

    I did a quick google search and nothing jumped out at me - if anyone has a quick yes/no answer, or can point me towards a link with more info I'd really appreciate it.

    Thanks very much
    Rory
    Tagged:


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,620 ✭✭✭✭coylemj


    rorymagory wrote: »
    A colleague mentioned to me today that a company is legally obliged to contribute to a pension for employees aged 25 and over, or at least allow the employee to contribute to a pension / make them aware of a pension scheme.

    Only the second part of that statement (which I have emboldened) is correct.

    If your employer doesn't have an existing occupational pension scheme and/or you cannot become a member, you need to take a look at the document (44 page PDF) on PRSAs on the Pensions Authority website. At the very least, I suggest you read pages 6 to 13 inclusive ............

    http://www.pensionsauthority.ie/en/Employers/Pension_guides/Personal_Retirement_Savings_Accounts.pdf


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