The Most - Issue 1

APPRENTICESHIP FUNDING EXPLAINED ARE YOU A LEVY PAYER? (PAY BILL OF MORE THAN £3M A YEAR) YOUWILL PAY 100% OF THE TRAINING OUT OF YOUR LEVY TAX IF THE TRAINING PROGRAMME COSTS MORE THAN YOU HAVE REMAINING IN YOUR LEVY ACCOUNT - YOUWILL PAY 5% TOWARDS THE COST *THE GOVERNMENT FUNDS THE REMAINING 95% ARE YOU A SMALL EMPLOYER? (WITH 49 OR LESS MEMBERS OF STAFF) IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN) YOUWILL RECEIVE £1,000 INCENTIVE £500 AFTER 90 DAYS £500 AFTER 12 MONTHS YOUWILL NOT RECEIVE THE £1,000 INCENTIVE IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN) THE GOVERNMENT WILL FUND 95% OF THE TRAINING COSTS - YOUWILL PAY THE REMAINING 5% THE GOVERNMENT WILL PAY 100% OF THE APPRENTICESHIP TRAINING DID YOU KNOW? AS A LEVY PAYER YOU ARE ABLE TO TRANSFER 25% OF YOUR LEVY FUND TO OTHER EMPLOYERS TO HELP THEM FUND APPRENTICESHIP TRAINING IF YOU DO NOT SPEND YOUR LEVY AFTER TWO YEARS OF IT ENTERING YOUR ACCOUNT, IT WILL EXPIRE – USE IT, DON’T LOSE IT EMPLOYERS CONTINUE TO BENEFIT FROM A 10% TOP UP TOMONTHLY FUNDS ENTERING THEIR ACCOUNT YOUWILL RECEIVE £1,000 INCENTIVE £500 AFTER 90 DAYS £500 AFTER 12 MONTHS YOUWILL NOT RECEIVE £1,000 IS YOUR APPRENTICE 16-18? (OR 19+ WITH AN EDUCATIONAL HEALTH CARE PLAN) An employer is required to pay an apprentice a salary. The National Minimum apprenticeship wage, regardless of age, is £3.90 per hour (rising to £4.15 in April 2020) for the first year of their apprenticeships. Thereafter, it will rise to the National Minimum salary for their age. As an employer you can upskill your workforce through an apprenticeship. If you are a levy payer you can use the levy to pay for the training. If you are a construction business, additional grants are available through CITB of up to £8,500. YES NO YES NO YES NO NO YES NO YES 25