Use this calculator to see what My Future Fund costs an employee and an employer, and what the State adds. From 2026 to 2028, employees and employers each pay 1.5% of gross pay and the State adds 0.5%, on pay up to €80,000 a year. The rates rise every three years until they reach 6%, 6% and 2% in 2035.
My Future Fund contribution calculator
My Future Fund contribution rates
| Years | Employee | Employer | State top-up |
|---|---|---|---|
| 2026 to 2028 | 1.5% | 1.5% | 0.5% |
| 2029 to 2031 | 3% | 3% | 1% |
| 2032 to 2034 | 4.5% | 4.5% | 1.5% |
| 2035 onwards | 6% | 6% | 2% |
Contributions are worked out on gross pay up to €80,000 a year. A job that already has a workplace pension paid through payroll is exempt.
Worked example
Seán earns €45,000 a year and is paid monthly in 2026. He pays 1.5%, which is €56.25 a month or €675 a year. His employer pays the same €675. The State adds 0.5%, or €225. In total, €1,575 goes into his fund in 2026.
What employers need to do
- Check which employees are eligible through the MyFutureFund employer portal.
- Make sure your payroll software deducts and reports contributions each pay date.
- Budget for the employer cost, which doubles in 2029.
- Keep records of employees who opt out, and when they are re-enrolled.
Read our My Future Fund employer guide, how My Future Fund works and the employer portal guide.
Let us run My Future Fund through your payroll
Fuchsia Bell runs weekly, fortnightly or monthly payroll with My Future Fund built in, for a fixed fee.
See our payroll serviceFrequently asked questions
How much does My Future Fund cost an employer?
1.5% of each eligible employee’s gross pay from 2026 to 2028, up to €80,000 of pay a year. That is €675 a year for someone on €45,000.
Do employees get tax relief on contributions?
No. Unlike a personal pension, there is no income tax relief on employee contributions. The State top-up replaces it.
What happens above €80,000?
No contributions are made on pay above €80,000 a year.
Can employees opt out?
Yes, within set windows after they are enrolled. They are re-enrolled automatically later if still eligible.
Source: gov.ie, MyFutureFund contribution examples. Calculator gives an estimate only.
