| 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. |
Resolution |
Category: Standard weekly contributions
| Type | Employer contribution | Member contribution | Total |
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Pension benefits | Gross | €30.82 | €20.57* | €51.39 | Death in service benefits | Gross | €1.17 | €1.17* | €2.34 | Sick pay | Nett | €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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