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.
4 tools in this areaNot sure where to start
MyFutureFund in Ireland: four decisions you can check without guesswork
These four tools answer different parts of the same pension decision. The deadline comes first, the payroll contribution check second, the alternative-pension comparison third, and the real payslip arithmetic fourth. 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 €80,000 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 per €100 of 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 €80,000 contribution threshold is applied by pay period, and the full period that first crosses the threshold still attracts contributions.
The PRSA comparison also needs the figures Revenue actually allocated to you. A pension contribution can cross the 40% and 20% Income Tax bands, 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.
Already-credited money stays in your fund
An ordinary opt-out refunds the participant contributions covered by the statutory rule. Employer and State amounts already credited remain in the participant's fund; it is future contributions that stop after a valid opt-out.
The €80,000 rule is pay-period based
If enrolled year-to-date gross is still below €80,000 before a pay period, that whole period attracts contributions even when it takes the total above €80,000. Following periods then use 0% rates for the rest of the financial year under the current payroll rule.
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.