Levy Infomation

INTRODUCTION


The new Apprenticeship Levy came into in April 2017 and affects all large organisations with an annual payroll of over £3million, regardless of whether they already currently employ Apprentices or not. It will be payable by employers in the UK at the rate of 0.5% of the payroll cost through PAYE alongside Income Tax and National Insurance.


THE LEVY EXPLAINED


Employers will not pay the first £15,000 of the Levy, which effectively means it will only be payable on payrolls more than £3 million per year.

All employers, whether they are Levy paying or not, will be financially supported by the government with regards to Apprenticeship training. If your payroll is under £3 million, Aspire Apprenticeships can help you manage your Apprenticeship training requirements and support you in finding your skills shortages to improve your workforce.


Public sector organisations will also pay the Apprenticeship Levy if their payroll meets the above criteria and, in addition, 2.32% of their workforce must be Apprentices. Aspires expert Development Managers can support your business or organisation to help you manage and implement your Apprenticeship training strategy. Find out more about our Development Team by contacting 0161 705 4300.

There are also additional government changes that haver come into effect with the Apprenticeship Levy including, funding bands. This means there will be no stipulation regarding the age, past qualifications or location of the Apprentice as of April 2017.

  • A tailored and solutions led approach to your business or organisation Apprenticeships requirements. .
  • At Aspire we believe in a 'working together, achieving together' philosophy
  • Senior, middle and entry-level leadership and management training can be fully funded through the Apprenticeship Levy.
  • Aspire can help your business or organisation to reimagine how the Apprenticeship Levy can be used to develop your workforce.
  • At Aspire we optimise your exisiting training budget to maxismise your Levy.
  • Apprenticeships are not limited to junior or lower-skilled employees. Is it time to rethink your staff development?
  • There are a number of financial incentives and benefits available to businesses who invest in their staff via their Apprenticeship Levy.
  • Aspire can support employers to recognise these savings. Contact our Development Team today.