Apprenticeship Levy Guidance
Are you interested in finding out more about the Apprenticeship Levy but not sure exactly how to use it? It sounds like you need some Apprenticeship Levy guidance.
Here, you will find 3 simple tips on how to use the Apprenticeship Levy as well as ways it can benefit your business.
1: How does it work?:
The Apprenticeship Levy was created to encourage business owners to invest in apprenticeship programmes/training and to raise additional funds to improve the quality and quantity of apprenticeships. The Apprenticeship Levy, paid by businesses, can be accessed by those same businesses to fund apprenticeship training in their company.
2: How much do I need to pay?:
If you’re an employer with a pay bill of over £3 million each year, you will have started paying towards the Apprenticeship Levy from April 2017. The Apprenticeship Levy is charged at 0.5% of your annual pay bill on anything over £3 million.
3: Can I use my Levy to train my existing employees?:
Yes, your Levy fund can be used to train existing employees as long as the training meets an approved apprenticeship framework or standard, and the proposed employee meets the eligibility criteria for apprentices.
Think you and your employees could benefit from more Apprenticeship Levy guidance? Join us at Delapre Abbey on Thursday 5th July where trained professionals will be sharing their Levy knowledge as well as discussing how to use it.