明星八卦

Employers contribute 5% towards the cost of the training and assessing for your apprentice, the Government will fund the rest (95%)

You may also be entitled to additional cash incentives for undertaking apprenticeships programmes depending on your business and apprentice circumstances.

The apprenticeship levy was introduced in 2017 as a government scheme to fund apprenticeships. Employers with a payroll of more than £3 million must pay a 0.5% levy on their total payroll, offset by a £15,000 government allowance. The levy is paid monthly through PAYE alongside income tax and national insurance contributions.

Your levy contributions will then appear in your Digital Apprenticeship Service Account, allowing you to spend your contributions on apprenticeship training and assessment. Employers have up to 24months to spend their levy, with any used unused funds returned to Government.

These levy contributions can then be pulled down to fund your apprenticeship training programmes.