State Savings Schemes
Dail Éireann — 2026-02-26
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Dara Calleary (FF), Mayo

Certainly, I am happy to look at the Deputy's information. A realistic assessment of administration fees would have to be done over the lifetime of their participation in My Future Fund. Incomes will, hopefully, change and that incomes will increase over the lifetime of their fund. One of the great advantages of My Future Fund is that it is portable and that people can bring it with them to their next employment, as they change employment. Particularly in this labour market, we are all going to be working in many different jobs. People can bring My Future Fund with them and, as incomes change and employment terms and conditions change, that fee will still remain the same. The best way of looking at the impact of the administration fee is not on a particular time of your income but over the lifetime of your personal My Future Fund growing.
Certainly, I am happy to look at the information the Deputy has prepared. We will provide it to NAERSA. I stress NAERSA is independent in its operation and in its care of My Future Fund.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-26/debate/main
Retrieved: 2026-08-14T04:54:42+00:00
Sitting date: 2026-02-26