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At Pareto, we go above and beyond to find the right fit for both you and a prospective employer. Taking people of high potential and placing them in positions where they can excel.
Reclaim your levy and upskill your existing team with support from Pareto.
The apprenticeship levy scheme is a tax introduced to help companies offer more apprenticeships. It was initially put in place in 2017 to encourage businesses to develop their employees with apprenticeship training.
In the UK, if you have an annual wage bill of £3m or over, you will pay 0.5% of your annual wage bill towards the apprenticeship levy. By doing so, you will be entitled to a Levy Allowance of £15,000. The government will then top up this amount by 10% and place this into your digital account, ready for you to invest in apprenticeship training. This money is stored in your HMRC digital account until your business spends it on an apprenticeship programme; otherwise, it will expire after 24 months.
Suppose your wage bill is not high enough to pay the Apprenticeship Levy, or you've already spent your allocation. In that case, you are still entitled to at least 95% government funding for any apprenticeship course you enrol your employees on.
As the UK's leading training provider, we know how to make the most of your apprenticeship levy allowance. From levy contributions to employment payment summary, you can work out the amount of apprenticeship levy you're entitled to with the apprenticeship levy monthly calculator. So if you need clarification on what you're looking for, scroll to use our levy calculator or get in touch, and our team can show you an apprenticeship levy calculation example.
Your organisation's annual UK payroll
Get in touch today if you need help using our apprenticeship levy calculator.
And if you're ready to take on an apprentice or upskill your existing team, we can support you.
Complete the form to request a callback, or you can speak to our Apprenticeship team directly at 03714 543 497.