Employer Registration
Q. What do I need to do to register my firm in CWPS?
A. You need to fill in the following registration forms and send them back to us.
• Employer Registration Form
• Deed of Adherence
• New member registration Forms
You can download a copy of these forms from our website or you can contact us and we will send them out by post or email.
Q. I’m registering a Limited company where do I need to sign on the Deed of Adherence?
A. You need to fill in the front of the Deed and sign part 1 and put an imprint of your company seal in the box on the back.
Q. What if I don’t have a company seal?
A. If you do not have a seal you can send a copy of the Certificate of Incorporation which will suffice.
Q. I’m a sole trader where do I need to sign on the Deed of Adherence?
A. You need to fill in the front of the Deed and you, and any partner need to sign part 2 on the back.
Q. I’m a sole trader but have no employees apart from myself, can I still register in CWPS?
A. No, a sole trader without direct employees cannot be registered in the scheme. Only sole traders who have direct employees can register their employees in the scheme and pay pension contribuitons for them. Pension contributions cannot be accepted for a Sole Trader as the scheme can only accept penison contributions for PAYE/PRSI workers.
Q. What date do I register in the scheme?
A. CWPS will accept registration from the date you put on the registration forms. However, you should be aware that liability for any unpaid periods for any employee(s) will remain with you as their employer.
Q. When should I register my employees?
A. You must register new employees with the scheme within two weeks of the date they start work for you to make sure that they are covered for death in service and sick pay benefit.
Q. When I send in the registration forms what happens next?
A. Once we receive your registration forms we will send you a Certificate of Registration, an employers manual called “Your Pension Toolkit”, and a copy of the members’ booklet called “A step by step guide to your benefits”.
Q. When do I have to send in the pension contributions?
A. In the first week of each month we will send you a pension payment schedule showing the contributions due for your employees up to the last Friday in the previous month. To comply with the Pension (Amendment) Act 2002 you must return this pension payment schedule with any changes, and your payment to us by the 21st of that month, i.e. return contributions for January on or before 21st of Feburary.
Q. I’ve just registered in CWPS how do I get a Letter of Compliance?
A. Newly registered employers must pay 13 weeks contributions in advance for all employees covered by the Registered Employment Agreement from the date the employer registers in the scheme. This payment must be made by electronic banking or bank draft.
Q. Is there any Tax or PRSI relief on the contribution?
A. There is PAYE relief on the employee portion of the Pension and Death in Service Benefit part of the contribution only. This amount should be deducted from the gross pay before the tax is calculated. All other deductions i.e. Sick Pay, Health Trust etc. are net deductions and should be deducted after tax is calculated.
From January 2010 there is no PRSI relief on the employee portion of Pension and Death in Service contributions. However 50% of the contribution paid by the employer is allowable for employer PRSI relief.
Q. Is there any tax relief for the employer?
A. Yes for a Limited Company, the employer portion of the Pension and Death in Service contribution can be claimed against Corporation Tax at the end of each financial year
For a Sole Trader this can be claimed against personal tax.