improve the quality of those available and assist larger employers toTofund apprenticeship programmes for new andE:existing employees. find out more about apprenticeships contact: employerenquiries@wolvcoll.ac.uk
T: 01902 837198
Employers fall into one of two categories: Levy-payers – employers with a payroll of over £3m per annum are required to pay the levy whether they employ an apprentice or not. Non-levy payers – employers with a payroll of less than £3m per annum do not have to pay the levy and can access financial support to assist in the recruitment and training of new apprentices and existing employees.
The Apprenticeship Levy at a glance Levy-payer
Non-levy payer
Salary bill of over £3m per annum
Salary bill of under £3m per annum and more than 50 employees
Salary bill of under £3m per annum and less than 50 employees
Employer makes a 0.5% contribution of the annual salary bill through PAYE.
Employer makes a 5% contribution towards the training of apprenticeships for new and existing staff.
Fully-funded apprenticeship training for new and existing staff aged 16-18.
Employer uses a digital account to manage apprenticeship funding, see how much is available in the company’s online account and allocate payments to providers of government-approved apprenticeships for the training and development of new or existing apprentices. For every £1 paid into the levy pot the employer gets £1.10 to spend on apprenticeship training.
For apprentices aged 19 or over, the employer makes a 5% contribution to the training.
£1000 cash incentive for recruitment of or enrolment of an existing employee, aged 16-18, onto an apprenticeship.
On full utilisation of the levy, all additional apprentices are funded with a requirement to contribute 5%. £1000 cash incentive for recruitment or enrolment of an existing employee, aged 16–18, onto an apprenticeship.
For more information on the apprenticeship levy: accountmanagers@wolvcoll.ac.uk 01902 837163
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£1000 cash incentive for recruitment or enrolment of an existing employee, aged 16-18, onto an apprenticeship.
