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Ireland plans to mirror the UK’s Auto Enrolment success.

16th Mar 2018
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The payroll solution that provides all you need for Auto Enrolment.

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A recent review of Auto Enrolment (AE) by the Department of Work and Pensions has declared AE a success. More than 9 million people are now saving into their workplace pension fund. The former secretary of state for work and pensions has said:  

"This government has rebuilt the UK's savings culture," "For an entire generation of people, workplace saving is the new normal."

Over 60% of Irish workers are currently without a workplace pension. Their plan is to rely solely on the state pension during their retirement. The Irish Prime Minister recently unveiled a 5 year road-map for pension reform for Ireland. The plan is to have all employees over a certain age and income contributing to a workplace pension scheme. The Irish government has stated this will come into effect from 2022.

Auto Enrolment tasks have not been easy for employers to understand and implement in the UK. There are numerous duties that have to be completed in order to avoid hefty fines from The Pensions Regulator (TPR).

Luckily, payroll software has helped employers automate their AE duties substantially. What would have been tedious and cumbersome work is streamlined. BrightPay Payroll and auto enrolment software seamlessly handles Auto Enrolment. A lot of the tasks that would have been an admin nightmare are automated effortlessly.

Written by Cailín Reilly | BrightPay Payroll Software.

 

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