Apprenticeship Levy

“A recent announcement from the Chancellor, Philip Hammond has bought some positive news to the world of Apprenticeships. Many of our clients have Apprentices so this news could be welcome!

Apprenticeships are a key part of many of our client’s businesses and for future workforce investment. The idea is that with this change more employers will be minded to offer Apprenticeships.

In the Spring statement he announced that SMEs contribution towards the co funding arrangement in training apprentices will drop to 5% from 10%. This obviously means a big saving for many businesses.

In other Spring statement news he announced that there will be a review over the next few months into how national minimum wage levels are set so this could also bring some changes in the future. In April 2020 the national minimum wage rate is set to rise from £7.83 to £8.21. This is obviously a considerable increase to employers and something to bear in mind over the coming year.”

Lawgistics Members can utilise HR Manager, an easy to understand, simple to use piece of software that enables you to manage all aspects of HR, Employment Law, Health and Safety and GDPR compliance for your business. HR Manager is FREE and available to all Lawgistics members. Call 01480 455500 to start using HR Manager today.
 

Authors: Stephanie Ball

Published: 04 Apr 2019

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