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CWPS rates from 28 September 2020

Created on  | Last modified on  Highlight Matches

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


TypeMember contributionEmployer contributionTotal
Pension benefitsGross€18.73€28.09€46.82
Death-in-service benefitsGross€1.17€1.17€2.34
Sick payNett€0.67€1.34€2.01
Total €20.57€30.60€51.17

Category: SPI - Standard Contrib + Industry Additions


TypeMember contributionEmployer contributionTotal
Pension benefitsGross€18.73€28.09€46.82
Death-in-service benefitsGross€1.14€1.17€2.34
Sick Pay Nett€0.67€1.34€2.01
Health TrustNett€1.00€0.00€1.00
Benevolent FundsNett€0.50€0.19€0.69
Total €22.07€30.79€52.86

Category: POC - Pension Only no DIS


TypeMember contributionEmployer contributionTotal
Pension benefitsGross€18.73€28.09€46.82
Total €18.73€28.09€46.82