The latest Sage Payroll software update (version 22.4) will help users to remain compliant after the changes to the Calendar Year for the Construction Workers Pension Scheme (CWPS). In previous years it has been a ‘Jan – Dec’ year, however, from 1st October 2019, they will be changing it to an ‘Oct – Sept’ year. Due to the new CWPS calendar year, the CWPS Rates will be increasing.
This Sage Payroll software update (V22.4) supports those increases to the Construction Workers Pensions Scheme (CWPS) which come into effect from 1st of October 2019. When installed, the update will immediately apply increases in CWPS Pension, Sick Pay and Death in Service contributions. If this applies to your payroll, then this update will help you to remain compliant.
Please read more on this update here – https://pimbrook.ie/knowledge-base/23561/
For more information on Sage Payroll features, please click here. Please contact us now for assistance with any Sage Software related query you may have.