Pick the one closest to you and we show the services that fit.
Everything below is set up for you by your own senior advisor.
Or Freephone 1800 808 808 and a senior advisor takes it from there.
A company pension your staff understand and value, set up and run for you. We compare master trusts and group PRSAs from every main Irish provider and cost each one in euro against auto-enrolment.
Headcount, rough salaries and what you have in place today. Two minutes, then a senior advisor is in touch with options from every main Irish provider.
Tax relief, contribution limits and the right plan differ between the three.
Stored securely, never sold. Used only to come back to you about your request.
A confirmation email is on its way to you, and a senior financial advisor is reviewing what you sent and will be in touch. Want to get ahead in the diary? Book your discovery call, or Freephone 1800 808 808.
A small or medium employer in Ireland has two practical ways to run a company pension. A group PRSA gives each employee their own Personal Retirement Savings Account with one provider. A master trust is one occupational scheme shared by many employers, with a professional trustee carrying the legal duties.
Both take employer contributions with no benefit in kind for the employee. The right one depends on headcount, salaries, how much you want to pay in and how much administration you want. We put both side by side for your company before you choose.
| Group PRSA | Master trust | |
|---|---|---|
| What it is | A PRSA for each employee, arranged as a group with one provider | One occupational scheme for many employers, run by a third-party trustee |
| Suits | Any size of business, from one employee up | Larger payrolls, or a company moving an older scheme across |
| Trustee duties for you | None | None, the master trust trustee carries them |
| Employer contribution | Up to 100% of the employee's salary with no benefit in kind | Within Revenue's funding rules for occupational schemes |
| Charges | Standard PRSA capped at 5% of contributions and 1% a year of the fund | Set by the master trust, compared in euro |
| If someone leaves | The PRSA is theirs and goes with them | Benefits stay in the scheme or transfer out under its rules |
Since 1 January 2026, staff aged 23 to 60 who earn €20,000 or more and have no pension through their job are enrolled in MyFutureFund, the State scheme. Employer and employee each pay 1.5% of salary now. That rises to 3% in year four, 4.5% in year seven and 6% from year ten, and the employer and State contributions stop at €80,000 of salary.
Staff who already pay into a pension through their job are not enrolled for that employment. So the choice is which route suits the business. Your own scheme lets you set the rate, include staff the State scheme leaves out, add death in service cover and give higher earners relief at 40%.
A company with 15 employees on an average salary of €42,000, a salary roll of €630,000, compares MyFutureFund in years one to three with its own group PRSA at 5% from the employer and 5% from each employee. The employee in the company scheme has nearly three times as much going in each year, for €1,050 more out of their own pocket. Figures are illustrative and rounded.
| Per employee, per year | MyFutureFund, years 1 to 3 | Group PRSA at 5% and 5% |
|---|---|---|
| Employee pays | €630 | €2,100, or €1,680 after 20% tax relief |
| Employer pays | €630 | €2,100 |
| State top-up | €210 | None, tax relief instead |
| Total into the pension | €1,470 | €4,200 |
| Company cost for all 15 | €9,450 | €31,500, deductible for corporation tax |
An employer contribution goes into the employee's fund with no income tax, PRSI or USC taken from it. Their own contributions get income tax relief at their highest rate, within age-related limits of 15% to 40% of earnings up to €115,000. At retirement, they can take a lump sum, and the first €200,000 of retirement lump sums is tax free.
A pension staff do not understand is a benefit they do not value. Every scheme we set up comes with a group briefing and a senior financial advisor for one-to-one questions, from a first job to the last years before retirement.
Headcount, rough salaries and what you have today. The form takes two minutes.
Group PRSA or master trust, the contribution rate and who is included, costed in euro against MyFutureFund.
Charges, funds and service from Irish Life, Zurich, Aviva, New Ireland, Standard Life and Royal London Ireland.
We handle the application and the paperwork with the provider.
A group session, then one-to-one meetings with a senior financial advisor.
Joiners, leavers and an annual review of charges, funds and rates.
We (Richie and Nickey) received excellent pension advice that was clear, honest, and tailored to my situation. Everything was explained in a way we could easily understand, and we felt confident making decisions about my future. Highly professional service and very reassuring throughout the process.
They made setting up a company pension on a deadline extremely easy and stress free. You can tell they understand the products inside out. Very approachable, great availability for support with instant and clear answers.
True Wealth was super efficient in locating my UK pension. They were very professional and responsive in dealing with the relevant pension organization. I would highly recommend True Wealth.
Thank you for the several calls to advise me. Great client attention! Eimear is fantastic! I had my pension sorted and a few insurances arranged. All the best.
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.
There is no legal obligation to set up or pay into a scheme. If you have no scheme, you must give staff access to at least one standard PRSA. Since January 2026, eligible staff with no workplace pension are also enrolled in MyFutureFund, and you pay employer contributions for them.
A group PRSA works from one employee. A master trust usually suits larger payrolls or a company moving an existing scheme across. We tell you which fits once we see the numbers.
Yes. Directors can be included as employees, often at a higher contribution rate. Owner-directors usually plan their own pension separately; see our director pensions page.
No. Employer contributions to an occupational scheme, a master trust or a PRSA are not a benefit in kind, and no income tax, PRSI or USC is deducted from them. For a PRSA the limit is 100% of the employee's salary.
The provider's charges come out of the fund. A standard PRSA is capped at 5% of each contribution and 1% a year of the fund. Master trust charges vary, so we compare them in euro before you choose.
Yes. Staff who pay into a pension through their job are not enrolled in MyFutureFund for that employment, so setting up your own scheme takes them out of it from then on. Money already in MyFutureFund stays invested in their name.
A group PRSA can usually be live within a few weeks of you choosing a provider. A master trust takes a little longer.
We follow the questions the Pensions Authority sets out for employers: how qualified the trustees are, whether the charges are clear and good value, whether the fund choices and the default are explained, and how members are kept informed.
Sources checked 7 October 2026.
Two minutes on the form. A senior advisor is in touch with options from every main Irish provider.