Good news for Employers with Apprentices
Employers of young apprentices are set to save thousands of pounds after the government abolished employer NI contributions for apprentices under 25 years of age.
The change, which came into effect on 6 April 2016, will make hiring an apprentice even better value for employers across the country.
This exemption will apply to both existing employers with apprentices and those taking on a new apprentice.
The government is also introducing a new £10 million fund to boost the number of degree apprenticeships available, providing more opportunities for young people to get a degree while working at a top company.
It has also created the Institute for Apprenticeships by April 2017 – a new independent body, led by employers that will ensure the quality of apprenticeships in England.