Could Your Business Benefit From Apprenticeships?
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Invest your levy in one of Pareto's best in class new apprenticeships.
The Apprenticeship Levy came into force in 2017, charging companies with a wage bill over £3m an additional 0.5%. This sum is placed into a special fund to be used exclusively on apprenticeship training of new and existing staff.
So, how much have you got and where can you spend on training to best invest in your staff? That's where our handy calculator comes in...
Don't Forget..
- Apprentices under the age of 25 are exempt from employer national insurance contributions.
- If your wage bill is not high enough to pay the Apprenticeship Levy you are still entitled to 95% funding. Click here to find out more.
How is your levy and total amount to invest calculated?
If your annual UK wage bill is £3m or over, you will pay 0.5% of your annual wage bill minus a Levy Allowance of £15,000.
The government will then top up this amount by 10% and place this in to your digital account ready for you to invest in apprenticeship training.
The statistics speak for themselves
Sales
Leadership
Customer Service
are the top three priorities for investment
Apprenticeship Levy Calculator
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Your organisation’s annual UK payroll
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