Employer pensions, made simple

In Ireland, you’ll need to make sure you’re contributing to an Occupational Pension for all employees from the first day of hire to be fully exempt from Auto Enrolment. So, if you have only a PRSA that’s not done through payroll (most aren’t) or do not have your Occupational Pension set up properly, employees will still be Auto Enrolled into the government scheme. In the UK, our scheme with Smart Pension is also set up to satisfy Auto Enrolment requirements. 

If you already have a pension scheme set up in the UK, you can use Kota’s Pension Switch feature to move or import it - in a few clicks. If you have a scheme in Ireland, you need to ensure combined employee and employer contributions are above 3.5% and being paid from the first date of employment to be fully exempt from the government scheme. 

Annual Management Charges (AMCs) are fees charged by fund managers to manage investment funds within your pension. They ultimately reduce employees' retirement savings and small differences in AMCs add up to significant amounts - so it’s important to make sure you’re paying a reasonable rate. In Ireland, Kota’s AMC with Irish Life is 0.75% and 0.40% in the UK with SmartPension. 

Kota integrates directly with insurance and pension providers so you can sync from your employee data from your HRIS right through to end providers so you can fully automate your benefits, make changes quickly, and eliminate manual errors.