One Quote Financial Brokers currently arrange free Master Trustee services for all new group pension schemes. No trustees are required under PRSA arrangements.
Corporate Pensions
Corporate Pensions
For companies of 20 plus employees, a Mater Trust - Group Pension Scheme, is typically the preferred choice, allowing the employer to set categories of membership, to match levels of seniority. Whilst such schemes also employ trustee oversight and control vested rights.
Offering the broadest choice of leading scheme providers, including Zurich, Aviva and New Ireland, we offer highly competitive charging structures and superb ongoing broker support.
All plans arranged through us include 24/7 online portal access for all scheme members, together with annual benefit statements provided as standard.
Corporate Pensions
For small companies, with a minimum of 10 employees, we offer group employer sponsored PRSA arrangements. This allows the company to make employer contributions alongside their employees and run all deductions through payroll.
Minimum take up and contribution levels apply, with broad market choice, and highly competitive charging structures made available.
Corporate Pensions
As companies grow and hiring expands, most employers employers recognise, the importance of employee benefits acting as a tool to both attract and retain hires and especially key talent.
Putting a Group Pension Scheme in place, as well as (for large employers) Group Risk benefits, such as death-in-service, show proven commitment to your staff, whilst also offering an alternative to auto-enrolment.
As an employer, you can choose to contribute a set amount to the employee's pension on a monthly basis. These contributions are tax deductible for you, and should your employee decide to contribute also, they will receive tax relief on personal contributions within revenue tax relief limits.
Once your scheme is up and running your accounts team can update members salaries at renewal, via an easy to use online portal, and full training will be provided.
An ARF allows you to retain your pension pot at retirement, subject to minimum withdrawals, and can be passed on to your family on death.
Corporate Pensions
Questions & Answers
Master Trust Company Pension Schemes and Employer Sponsored PRSAs.
Irish employers do not have to facilitate auto-enrolment through their payroll and make employer contributions on behalf of their employees as of from 30th September 2025, unless a separate employer sponsored pension arrangement already exists i.e a Group PRSA or Group Pension Scheme operated through payroll.
Auto-enrolment is a new pension savings scheme for certain employees who are not paying into a pension. They will be automatically included in the scheme but can opt out after 6 months.
The introduction of the Auto-Enrolment Retirement Savings Scheme, called My Future Fund, will start from 30 September 2025.
A Group Pension DC Scheme is a defined-contribution pension plan, designed to help your employees plan for their retirement. It is a trust-based arrangement, and you and your employees can avail of tax-reliefs against contributions.
A Group PRSA (Personal Retirement Savings Account) is different from a Group Pension because Group PRSAs are individually-owned contracts. You and your employers can avail of tax-reliefs against contributions and the pension plan does not require trustees.
One Quote Financial Brokers currently arrange free Master Trustee services for all new group pension schemes. No trustees are required under PRSA arrangements.
Yes, all private pension holders are still entitled to the State pension in addition. Currently, the current State Social Welfare Pension is only: €248.30 per week. The contributory pension starts at age 66 and the non-contributory not until age 67.
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OneQuote Financial Brokers,
11 James’s Terrace, Malahide,
Co. Dublin, K36 CV08
One Quote Financial Brokers is regulated by the Central Bank of Ireland no: 459006.
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