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MyFutureFund · Ireland

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.

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Answer the one with a deadline first

Only one of these four decisions expires. The opt-out window opens in the seventh month after your enrolment letter and closes at the end of the eighth, and outside it the choice is simply not available. Everything below it can be decided afterwards without losing anything.

  1. Is my ordinary opt-out window open?

    First, because the ordinary post-enrolment window expires. The answer comes from the exact date on your enrolment notice, not a rounded month count.

    You will need: Current MyFutureFund membership and the exact day, month and year on your enrolment notice.

    Auto-Enrolment Opt-Out Window Checker (MyFutureFund)

  2. Is this pay period's MyFutureFund contribution correct?

    Second, because the €80,000 threshold is a pay-period rule, not an annual salary cap. The whole threshold-breaching period contributes before later periods move to 0%.

    You will need: Current participation, enrolled gross pay already counted this year before the period, and gross pay in the period being checked.

    Auto-Enrolment Pay-Period Contribution Checker (MyFutureFund)

  3. What gross contribution value would a PRSA give me instead?

    Third, compare the alternative you actually have. The tax side uses the rate band and credits Revenue allocated to you, not marital-status assumptions.

    You will need: Your age, PAYE income, annual rate band and tax credits from Revenue, existing personal pension contributions, and the personal/employer PRSA amounts genuinely available.

    Auto-Enrolment (MyFutureFund) vs PRSA Calculator

  4. What does MyFutureFund cost on my real payslip?

    Fourth, the exact cash-flow effect is already printed in payroll. Reconcile the actual deductions rather than asking a salary calculator to reconstruct them.

    You will need: One real payslip: gross pay, Income Tax, USC, employee PRSI, MyFutureFund and any other deductions that reduce take-home.

    Auto-Enrolment Payslip Take-Home Pay Calculator (MyFutureFund)

The scheme in five figures

What every one of these tools is built on

Age 23 to under 60, €20,000+ annual-equivalent pay
Core automatic-entry age and earnings conditions
Employment-exemption rules also apply. These are entry conditions, not rules that automatically remove an existing participant later.
€80,000 pay-period threshold
Contribution threshold mechanic
If enrolled gross is below €80,000 before a period, that whole period contributes even if it crosses the threshold; following periods then use 0%.
€3 + €3 + €1
Participant, employer and State contribution ratio
The percentages step up over time but this contribution ratio stays the same.
>6 to ≤8 months
Ordinary opt-out period from the enrolment notice date
Use the exact notice date. The ordinary window is not open on the six-month anniversary itself.
Actual participant contributions paid
Ordinary refund basis
The scheme contribution record supplies the euro amount; Verdanyx does not reconstruct it from an annual salary.
No ordinary Income Tax relief
MyFutureFund employee tax treatment
The State top-up is provided instead of ordinary employee pension Income Tax relief.