Pensions Advisor, Marta Pelc, examines the pensions updates made in Budget 2025, as well as the developments made in the Finance Bill 2024.

If slow and steady wins the race, the implementation of a Statewide Auto-Enrolment (AE) pension system has been under consideration in Ireland since 2006 may prove to be the undisputed champion! The Minister for Social Protection published the Automatic Enrolment Retirement Savings System Bill 2024 on 5 April 2024. The Minister is targeting introduction for early 2025.

Laura Reidy explores the gender wealth gap in Ireland, discussing disparities in pay and pensions, addressing factors contributing to the gap, while highlighting potential solutions such as childcare supports and increased representation of women in financial advisory roles.

Personal Retirement Savings Accounts (PRSAs), traditionally viewed as restrictive, are now at the forefront of retirement planning in Ireland thanks to the Finance Act 2022. The Act was enacted on 15th December 2022, effective 1st January 2023, removed the Benefit in Kind (BIK) charge on employer contributions to a PRSA.

Ireland is the only OECD country that does not yet operate auto-enrolment or a similar system to promote pension savings.

Here at Cantor Fitzgerald, we say ditch the diet/detox in January and put your pension at the top of your new year’s resolutions.