Seanad debates

Wednesday, 19 June 2024

Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages

 

10:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

On section 43, is there an age where it may not be suitable for a person to join the auto-enrolment scheme? If a someone is due to retire at 66 or 70 years of age and he or she is 50 or 60 years of age is there an age where he or she should not join the auto-enrolment scheme or where it would not be advisable or worthwhile to invest in? If this is the start of the auto-enrolment scheme and the first time it is taking place, from what age should it not apply to people? It applies to everybody but if it may not be attractive for a person to apply to join the auto-enrolment scheme should he or she not apply if above a certain age?

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