Pension Schemes for Businesses

A workplace pension scheme is a benefit you can offer your employees to help them plan their future. It allows them to save for retirement through contributions from the company and, in some cases, also from the employee. These contributions are managed by experts to maximise long-term returns. In addition, it offers tax advantages and strengthens your employees’ future financial security by supplementing their state pension.

Employees of the company who meet the requirements established in the scheme specifications may participate in a workplace pension scheme.

Where permitted by the regulations and by the scheme itself, self-employed individuals or partners with an employment relationship with the company may also join.

The company may contribute up to a maximum of €8,500 per year. However, this limit may be increased by an additional €1,500, provided that the increase comes from voluntary contributions made by the employee and these are equal to or lower than the corresponding employer contribution.

Voluntary contributions made by an employee to the workplace pension scheme count towards the combined annual limit of €1,500 for contributions to individual or collective pension schemes, insured pension schemes, corporate social protection plans, certain mutual benefit societies and private insurance that exclusively covers the risk of severe dependency or great dependency.