Levy Employers 

Paying the apprenticeship levy

Are you an employer with an annual wage bill of more than £3m? If so, you will be paying 0.5% of your payroll through PAYE into an Apprenticeship Levy. The system can often be complicated however, our experts are here to help utilise your levy funds located within your Digital Apprenticeship Service (DAS) account to maximise the benefits to your business.

Wise Origin College has developed a strong structure which enables our team of senior management and trainers to develop and upskill your current workforce in addition to developing new staff within your business. 

Our team of experts can support you with:

  • Understanding how to maximise your funds
  • Creating a bespoke plan for apprenticeship delivery to support the needs of the learner and you as a business
  • Simplifying your levy account administration with a cooperative approach 
  • Updates on new developments around levy funds

An apprenticeship is more affordable than you think

The government has committed to increasing the funds within your levy account by 10% with 80% of the apprenticeship funding cost spread across the length of the apprenticeship. A final 20% will be required at the end. If the funds within your DAS account do not cover the cost of an apprenticeship the government has further committed to contributing 95% of the total apprenticeship cost. Therefore, the employer would only subsequently be required to make a 5% contribution. 

Additional financial incentives for recruiting an apprentice are also available and these include:

  • £3,000 for each new apprentice who starts on an apprenticeship between the 1st April 2021 and the 30th September 2021
  • The above payment would further increase if you recruited an apprentice between the ages of 16 to 18 years or under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total

Use it or lose it

When paying into an apprenticeship levy you need to be aware that funds expire 24 months after they enter into your Digital Apprenticeship Service account.

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