So just making sure I understand this correctly, I would have to exit my current pension with Irish Life and enrol in the government provided one to avail of the employer and government contributions.Or maybe exit it?
A person with a private pension will be required to exit their current plan if they want to enter the Government scheme.
One of the astonishing things at the public consultation was that the proposal was that the pension fund on retirement would not be taxable. If that is still the proposal, then it's way ahead of any private scheme.
So just making sure I understand this correctly, I would have to exit my current pension with Irish Life and enrol in the government provided one to avail of the employer and government contributions.
I do not see why you are pigeonholed into a particular set of pension pots as opposed to leaving it open to you to decide which pension scheme works best for you and have the employer/govt contributions simply added to whatever scheme that ends up being.
So is the proposal that I stop my company pension and my company provides a new pension or access to a new pension.