On Wednesday 6 April, it was officially announced that employer National Insurance contributions are to be abolished for apprentices aged under 25 years of age. The result of which will see employers of young apprentices save thousands of pounds. The Government is committed to ensuring more people can access high quality apprenticeships and this measure will support youth employment and provide one more great reason for employers to benefit from hiring an 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.”
But National Insurance savings being abolished is just one component of the government’s commitment to reforming apprenticeships to ensure they are high quality and responsive to the needs of employers. Other elements of the reform include giving employers the power to design and deliver new apprenticeships as part of the new Trailblazer initiative and the introduction of a new £10 million fund to boost the number of degree apprenticeships available.
Now that National Insurance contributions are abolished, would you like more information about training and apprenticeships?
You’re in the right place! So, whether you would like to do an apprenticeship for yourself, would like to invest in your team or just fancy getting more information, we encourage you to speak to our dedicated training specialists. Get in contact with the team at Interserve Learning & Employment through our contact us page.