Seanad debates

Wednesday, 19 June 2024

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

 

10:30 am

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

People can join the auto-enrolment scheme at any age but not after the age of 66. If someone is late coming into the scheme there are arrangements so he or she can access the scheme. If someone was joining the auto-enrolment scheme at the age of 60 it would be to his or her benefit because he or she would have a savings pot by the time of retirement because when the employer contributions and the State top-up are applied it is of benefit to join the system

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