Employee Benefits

Whether you are a big or small business there are affordable, tax efficient employee benefit plans that can be provided for your employees. Now is the time to get your employee benefits in place. Workplace pensions have undergone the most fundamental changes to the Irish pension system.The auto-enrolment pension system in Ireland is officially called My Future Fund it commenced on the 1st of January 2026. It is a state-sponsored, compulsory retirement savings scheme for employees who are not already in a workplace pension. An employer can set up a workplace pension details outlined below.

Employee benefits include:

• A Group Pension – Employees, Managers, Executives & Directors can be included
• Directors Pension – Company Directors only
• Death In service Benefits – In the event of death you can provide a lump sum of up to 4 times salary, rates are calculated on a group basis for all employees and there is one price for all staff members. Cover is issued under one policy owned by the Company.
• Income continuance – In the event of illness, you can ensure that your staff member is paid without having to fund it from the company.

Contributions made by a company on behalf of qualifying scheme members are all tax deductible as a business expense against trading profits in the employers accounting period in which the contributions were made. The scheme is owned by the company, and the company decides who can join the scheme, when they qualify to join, and the level of contributions made by the company.

HD Financial Services Ltd will help make sure you have:

• The precise benefits for the employees and categorised to your requirements,
• The company has full control over costs in the scheme
• Choice for your employees, meaningful benefits at the right time of life
• The ability to retain and attract talent
• Your employees feel more valued
• Tax relief – employee and employer
• Comprehensive death and illness benefits attached to the scheme if desired, the cost of this is minimal in comparison to the good will it creates and will cost a lot less than if the employee were to purchase it themselves.

HD Financial Services Ltd will ensure you and your employees get the value for money in the marketplace.