01Pensions
MyFutureFund
Opt out or stay
Work out the exact dates of your ordinary MyFutureFund opt-out window from your enrolment notice, and what an opt-out refunds, on the rules in the 2024 auto-enrolment Act.
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Verdanyx category · Ireland
Irish pension tools
Check MyFutureFund from the records that actually decide it: your enrolment notice, payroll year-to-date, your Revenue allocation and one real payslip, against the 2024 Act and Revenue's current tables.
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MyFutureFund in Ireland: four decisions you can check without guesswork
The general MyFutureFund rules are easy to find. Your own answer is not: the exact days your opt-out window opens and closes, whether this pay period's deduction is right, what a PRSA would give you instead, and what it costs your real payslip. Each depends on your own enrolment notice, pay, tax band or payslip. Start with the opt-out window, because it is the only one that expires. No answers are passed between pages or stored.
Take the decisions in order02Pensions
MyFutureFund payroll
Contribution checker
Check the exact MyFutureFund contribution on one pay period from your year-to-date and current gross, including the threshold-breaching pay-period rule payroll actually applies.
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03Pensions
Pension comparison
MyFutureFund or PRSA
Compare MyFutureFund with a PRSA on the gross contribution each buys for the same take-home cost, with relief worked from your own Revenue rate band and credits, not a flat marginal rate.
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04Pensions
Payslip
Take-home pay
Reconcile an Irish payslip from the Income Tax, USC, PRSI and MyFutureFund figures printed on it, and see exactly what the MyFutureFund line costs that payslip.
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Before you decide
Use the real record for each MyFutureFund decision
The ordinary opt-out window is the time-sensitive question, so start with the exact date on the enrolment notice. If you are checking deductions, do not turn salary into an annual approximation: the contribution rates and the earnings threshold are applied by payroll one pay period at a time, so the checker works from your year-to-date and current gross pay.
The PRSA comparison also needs the figures Revenue actually allocated to you. A pension contribution can cross from the higher to the standard Income Tax band, so one assumed marginal rate is not enough. The final cash-flow check is simpler still: copy the tax, USC, PRSI and MyFutureFund deductions from one real payslip and reconcile them directly.
What an opt-out refunds, and what it does not
If you opt out of auto-enrolment, the statutory rule decides which contributions come back to you and what happens to the employer and State money already credited. The opt-out checker sets that out beside your window's first and last day.
The earnings threshold is applied by payroll
Whether a pay period contributes turns on your enrolled year-to-date gross immediately before it, not on your annual salary. The contribution checker applies the threshold to one real pay period and says what it means for the rest of the year.
Use Revenue's actual allocation for PRSA relief
Your Tax Credit Certificate shows the annual standard-rate band and credits allocated to you. Using those figures avoids guessing from marital status or another person's income and lets the calculator handle a contribution that spans tax bands.