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CWPS rates from 28 September 2020

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Summary

This guide explains the Construction Worker Pension Scheme (CWPS) rates that came into effect on 28 September 2020.

Description

The standard contributions you and your staff pay into your CWPS increased on 28 September 2020. Contributions after this are subject to the minimum rates in this guide. Let's take a look.

NOTE: Sage Payroll includes these rates.

Resolution

The rates

Category: SPB - Pension/Sick Pay

  Type Member contribution Employer contribution Total
Pension benefits Gross €18.73 €28.09 €46.82
Death-in-service benefits Gross €1.17 €1.17 €2.34
Sick pay Nett €0.67 €1.34 €2.01
Total   €20.57 €30.60 €51.17

Category: SPI - Standard Contrib + Industry Additions

  Type Member contribution Employer contribution Total
Pension benefits Gross €18.73 €28.09 €46.82
Death-in-service benefits Gross €1.14 €1.17 €2.34
Sick Pay  Nett €0.67 €1.34 €2.01
Health Trust Nett €1.00 €0.00 €1.00
Benevolent Funds Nett €0.50 €0.19 €0.69
Total   €22.07 €30.79 €52.86

Category: POC - Pension Only no DIS

  Type Member contribution Employer contribution Total
Pension benefits Gross €18.73 €28.09 €46.82
Total   €18.73 €28.09 €46.82