Employer National Insurance contributions for apprentices aged under 25 years have been abolished.
Employers of young apprentices are set to save thousands of pounds after the government abolished employer National Insurance 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.
Skills Minister Nick Boles said:
We’re making it even better value for businesses to take on a young apprentice. Businesses will no longer need to pay National Insurance contributions for apprentices under 25.
Apprenticeships make sense for young people and for business. If you’re an employer not already reaping the benefits, now is the time to act.
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
National Apprenticeship Week 2016 took place from 14 to 18 March 2016 and saw hundreds of events take place across the country and more than 30,000 new apprenticeship places pledged by employers.