Apprenticeship Levy Calculator
With our free, easy-to-use Apprenticeship Levy Calculator, you can find out how much your organisation will have to pay into the Apprenticeship Levy from April 2017.
The Levy will apply to all organisations in the UK who pay their workforce, in total, more than £3 million each year.
If you've got any questions about the Levy, or are looking for a training provider to help utilise your funds, book an obligation-free chat with our expert team.
We offer a simple project management service that takes the sting out of Apprenticeship Levy admin and supports you through the management of your Apprenticeship Service Account - letting you get on with the more important task of workforce development.
How does Apprenticeship Levy funding work?
The Apprenticeship Levy was introduced in order to support the government’s aims of boosting the UK’s productivity by creating and funding three million apprenticeship starts by the end of the decade.
Organisations that meet the criteria of an annual pay bill in excess of £3 million will have to calculate their contributions and pay the Levy via PAYE (Pay As You Earn).
This funding is processed via the Apprenticeship Service Account and is subject to a 10% top-up from the government. Eligible employers can use their funds to pay for the training and assessment of apprentices, either by taking on new staff or investing in training for their existing employees.
Apprenticeship Levy funding bands
The current system of SASE (Specification of Apprenticeship Standards for England) frameworks is in the process of being replaced with a new series of ‘Trailblazer’ standards - designed by employers, for employers.
These aim to provide more relevant training to organisations and the government seeks to replace all existing frameworks by 2020. Both new standards and existing frameworks that have not yet been replaced will be placed into 15 funding bands, the upper limits of which (ranging from £1,500 to £27,000) are the maximum cost the government will contribute to individual apprenticeships.
Find out more
If you’d like bespoke advice on how the Apprenticeship Levy will affect your organisation, or just have a quick question, simply fill in the below to book an obligation-free chat with our expert team today: