Auto-Enrolment - We offer a simpler solution
Omega Financial offers an simpler alternative to the complex auto-enrolment and My Future Fund pension scheme to employers and employees.
The Government’s new Auto-Enrolment scheme is a big change for pensions in Ireland. Still in its early stages, there seems to be a lot of complexity and confusion. Omega Financial offer a simpler and more professional approach to pensions. Don't sleepwalk into a default pension.
Contributions
The biggest difference is mandatory contributions.
Auto-Enrolment:
Private Pension:
Who is this for?
Auto- enrolment maybe a good option if you are an average income earner, but as your salary goes higher, the cracks begin to show in My Future Fund.
- You pay tax at the standard rate (20%).
Verdict: Auto-Enrolment may suit you. The State top-up (25%) is actually better than standard tax relief. You should likely stay in the AE scheme.
- You pay tax at the higher rate (40%).
Verdict: By starting a Private Pension, you get 40% tax relief on your contributions.
Action: Opt-out of AE and set up a Private Executive Pension or PRSA.
- You control your own income and company cash.
Verdict: Avoid Auto-Enrolment. An Executive Pension allows your company to contribute generous amounts.
AE has strict caps and forces you to contribute personally from net income.
Action: Ensure your Executive Pension is active to exempt you from AE.
Please fill in the contact form and one of our advisors will be in touch
Why Omega is right for pensions
Our services combine pension planning and wealth-management, giving you a single, integrated financial strategy rather than multiple, fragmented solutions.
We believe that financial planning shouldn’t be complicated—it should be clear, strategic and tailored to your goals. Our approach is built on:
Understanding Your Unique Needs
Every professional has different challenges and aspirations. We take the time to listen and customise a strategy just for you.
Providing Clear, Jargon-Free Advice
We simplify complex financial concepts, ensuring you feel confident and informed at every step.
Long-Term Partnership & Guidance
Your financial needs evolve over time and we’re here to support you through every stage of your career and life.
