Auto-enrolment presents a fresh retirement savings initiative for employees set to launch in the latter half of 2024. Under this program, employees earning over €20,000 annually, falling within the age range of 23 to 60, and lacking a pension scheme, will be automatically enrolled into the new system. Those earning less than €20,000 or outside the 23-60 age bracket can choose to participate, provided they are not already in a pension scheme. For each €3 contributed by an employee, their employer will match it, and the State will further contribute €1. However, the combined employer and State contributions will be capped for individuals earning up to €80,000 annually across all employments.