Apprenticeship Levy and Funding Information
Or to read our own guide, click on the digital brochure below...
So you've registered - what's next?
Read this super handy blog from the ESFA which will answer all your questions https://sfadigital.blog.gov.uk/2017/04/06/so-youve-registered-whats-next/
Or watch the video on the right of this page!
We have also put together our own hand guide. Download it or click below to view online.
- Any UK employer, in any sector, with a pay bill of more than £3 million per year is liable to pay the levy
- The levy will be 0.5% of the pay bill, paid through PAYE
- There is an allowance of £15,000 to offset against levy liability
- Employers will be paid a top-up of 10% of their levy back by the government.
Try our levy calculator below:
Once you know how much you will be paying in to the levy, we can help you get the best out of the deal. If your payroll is less than £3 million a year, you can still hire apprentices!
Total Payroll (£):
0.5% levy charge: 75000
Less £15,000 allowance: 60000
10% top up to your Levy charge: 6000
If each apprentice costs £15,000 over 3 years (on average), this equals £5,000 per apprentice per year. With the allowance and top up value of £66,000 you would get value for money by hiring 12 apprentices.