| Set up Construction workers pension scheme (CWPS) deductions |
Description | Before you can process CWPS on your payroll, you must set up the relevant CWPS gross and nett deductions. If you want to process a CWPS deduction as an additional voluntary contribution (AVC), you must create a separate deduction for this too. |
Resolution | Set up CWPS deductionsSet up a CWPS gross deduction- On the menu bar, click Company/Payroll then click Deductions.
- Click New, then set up the CWPS gross deduction as follows:
Title | Type CWPS Gross. | Type | Click Gross. | Sub-type | Click Pension / RAC / PRSA / CWPS. | Pension Scheme | Click the CWPS pension link. | Additional Voluntary Contribution (AVC) | Clear this check box. | Balance Type | Click Accumulate a balance. |
- Click Save then click Close.
Set up a CWPS nett deduction- On the menu bar, click Company/Payroll then click Deductions.
- Click New, then set up the CWPS net deduction as follows:
Title | Type CWPS Net. | Type | Click Nett (After Tax, PRSI & USC). | Sub-type | Click Pension / RAC / PRSA / CWPS. | Pension Scheme | Click the CWPS pension link. | Additional Voluntary Contribution (AVC) | Clear this check box. | Balance Type | Click Accumulate a balance. |
- Click Save then click Close.
Set up a CWPS AVC deduction- On the menu bar, click Company/Payroll then click Deductions.
- Click New, then set up the CWPS AVC deduction as follows:
Title | Type CWPS AVC. | Type | Click Gross. | Sub-type | Click Pension / RAC / PRSA / CWPS. | Pension Scheme | Click the CWPS pension link. | Additional Voluntary Contribution (AVC) | Select this check box. | Balance Type | Click Accumulate a balance. |
- Click Save then click Close.
Next stepsTake a look at the other Construction workers pension scheme (CWPS) tasks you may need to complete. |
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