CWPS rate changes from 5 August 2024
Description

The standard contributions that you pay into your Construction Worker Pension Scheme for sick pay change from 5 August 2024.

 TIP: You can update the CWPS rates automatically in your software. 

Cause
Resolution


Category: Standard weekly contributions


TypeEmployer contributionMember contributionTotal
Pension benefitsGross€30.82€20.57*€51.39
Death in service benefitsGross€1.17€1.17*€2.34
Sick payNett€2.37€0.63€3.00
Total €34.36€22.37€56.73

*Contributions for pension and death in service benefits are made before PAYE is calculated.

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