UK & Ireland Group Schemes

Different jurisdictions have different rules when it comes to the creation and management of Group Pension Schemes. We have been surprised at how many employers are unaware of their obligations.

Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. Under ‘automatic enrolment’, when you employ at least one person you are an employer and you have certain legal duties. Many Irish businesses have representatives based in the UK who are employed by them, but are unaware of this legal requirement. At Neville & Partners we can assist in the establishment of a scheme for your non-Irish based team member(s).

Irish Group Employee benefit schemes

When it comes to group risk and group pension schemes, Neville & Partners is very experienced in the provision of life and income protection schemes and retirement schemes to employers. Employee benefits can make the difference in the retention of key employees. Levels of cover are flexible and we work with employers to design a suitable scheme. We have the experience of this both here in Ireland and in the UK.

Irish PRSA Schemes

In 2002 the Irish Government introduced legislation around Personal Retirement Savings Accounts (PRSA). This a long-term personal pension plan, designed to let individuals save for retirement in a flexible way. All Irish companies are obliged to provide their employees with access to a PRSA. For employers without an employer sponsored pension scheme, we can help provide you with the facilities to fulfil these obligations.

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