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Construction Workers' Pension Scheme (CWPS) year end tasks

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Summary

This guide explains the tasks you need to run when the Construction Workers' Pension Scheme (CWPS) year ends, and how to run them in Sage Payroll.

Description

When the CWPS year ends, you must clear down the CWPS history and balance from your employee records. You must also set up the CWPS calendar for the new CWPS tax year. Let's take a look at how to do these.

Resolution

Clear the CWPS balances and history

  1. From the menu bar at the top of your window, click Year End then click New Construction Pension Year.
  2. When you receive the prompt to clear the balances and history, to continue, click Yes.

Set up the CWPS tax year calendar

  1. From the menu bar at the top of your window, click Company/Payroll then click Construction Workers Pension.
  2. Click the Calendar tab.
  3. Click Create New Calendar.
  4. Enter the start date of the new CWPS tax year.

    NOTE: The CWPS year starts on the final Monday of September each year. The 2022 CWPS year starts on Monday, September 27, 2021.

  5. Click Create.
  6. Check the dates and information are correct for the new CWPS tax year. If not, amend as required.
  7. Click OK.