My Future Fund launched on 1 January 2026 and automatically enrolled every eligible worker without you needing to sign up for anything. It's the biggest change to Irish take-home pay in a decade, and it works completely differently from a normal pension — this calculator shows exactly what comes out of your pay and what goes into your pot.
Anyone aged 23–60 earning €20,000 or more who isn't already in a workplace pension scheme is automatically enrolled. You contribute 1.5% of salary (up to a €80,000 cap), your employer matches 1.5%, and the State adds a further 0.5% — so every €3 you put in becomes €7 in your pot. Unlike a personal pension, there is no income tax relief on your contribution; the State top-up replaces it, and it comes out of net pay, not gross. Contribution rates step up on a fixed schedule, reaching 6% each from employee and employer, plus 2% from the State, by year 10.
Not for the first six months. From month seven you can leave and get your own contributions refunded (minus any investment loss); after two years you can suspend contributions for a year at a time, but you'll be automatically re-enrolled unless you're contributing to an alternative scheme by then.
My Future Fund contributions come out of your net pay, after Income Tax, USC and PRSI have already been deducted — there is no relief on the way in. The State top-up (25% of your contribution) is designed to replace that relief, though for a higher-rate taxpayer a personal pension with 40% relief is usually still more efficient where you have the option.
Nothing — employer contributions and the State top-up are only calculated on the first €80,000 of salary. Earnings above that get no employer match and no State top-up through this scheme.
Figures are estimates for informational purposes only, based on the assumptions you enter, and are not tax advice. Consult a tax advisor or Revenue.ie before making financial decisions.