Save Money and Grow Your Business by Hiring Apprentices Under 25!
Non-Levy employers do not need to pay national insurance contributions for apprentices under the age of 25.
Save Money and Grow Your Business by Hiring Apprentices Under 25!
Non-Levy employers do not need to pay national insurance contributions for apprentices under the age of 25.
Save Money and Grow Your Business by Hiring Apprentices
Under 25!
Non-Levy employers do not need to pay national insurance contributions for apprentices under the age of 25.
Although the recent Autumn Budget from Chancellor Rachel Reeves means that National Insurance contributions for businesses are rising to 15%, there’s a really good opportunity to save money while investing in the future of your early years setting.
We've highlighted just some of the benefits below!
Although the recent Autumn Budget from Chancellor Rachel Reeves means that National Insurance contributions for businesses are rising to 15%, there’s a really good opportunity to save money while investing in the future of your early years setting.
We've highlighted just some of the benefits below!
No National Insurance Contributions:
For under-25 apprentices, early years settings don’t pay National Insurance contributions on annual earnings up to £50,270!
That means direct savings that make hiring an apprentice financially attractive and cost-effective.
No National Insurance Contributions:
For under-25 apprentices, early years settings don’t pay National Insurance contributions on annual earnings up to £50,270!
That means direct savings that make hiring an apprentice financially attractive and cost-effective.
Real Savings:
For example: an apprentice earning £25,000 annually can mean National Insurance savings of around £3,000 per year for your setting.
Real Savings:
For example: an apprentice earning £25,000 annually can mean National Insurance savings of around £3,000 per year for your setting.
Develop Your Team:
By hiring apprentices, you’re shaping your workforce with tailored skills and loyalty to your setting.
Develop Your Team:
By hiring apprentices, you’re shaping your workforce with tailored skills and loyalty to your setting.
How Do National Insurance Savings Work?
For every eligible apprentice under 25, employers can save on National Insurance contributions up to £50,270 of their annual earnings. This could mean thousands of pounds saved annually, depending on each apprentice’s salary. For example:
If an apprentice earns £20,000 annually: You save approximately £2,400 in National Insurance contributions.
If an apprentice earns £25,000 annually: Savings can reach around £3,000 each year.
If an apprentice earns £30,000 annually: Your savings may total about £3,600 annually.
These figures offer a clear view of how this exemption can significantly reduce your overheads.
How Do National Insurance Savings Work?
For every eligible apprentice under 25, employers can save on National Insurance contributions up to £50,270 of their annual earnings. This could mean thousands of pounds saved annually, depending on each apprentice’s salary. For example:
If an apprentice earns £20,000 annually: You save approximately £2,400 in National Insurance contributions.
If an apprentice earns £25,000 annually: Savings can reach around £3,000 each year.
If an apprentice earns £30,000 annually: Your savings may total about £3,600 annually.
These figures offer a clear view of how this exemption can significantly reduce your overheads.
How Do National Insurance Savings Work?
For every eligible apprentice under 25, employers can save on National Insurance contributions up to £50,270 of their annual earnings. This could mean thousands of pounds saved annually, depending on each apprentice’s salary. For example:
If an apprentice earns £20,000 annually: You save approximately £2,400 in National Insurance contributions.
If an apprentice earns £25,000 annually: Savings can reach around £3,000 each year.
If an apprentice earns £30,000 annually: Your savings may total about £3,600 annually.
These figures offer a clear view of how this exemption can significantly reduce your overheads.
National Insurance Calculator
National Insurance Calculator
No Funding Contributions For Under 22-Year-Olds
There is no funding contribution for under 22-year-olds, so you’re getting dedicated, eager staff at no extra cost!
Now’s the time to bring in apprentices under 25 and benefit from their skills and these financial savings.
Investing in staff training and upskilling your workforce is guaranteed to cut your recruitment costs and prevent skills shortages!
We train over 2,000 staff members each year, and this number is growing!
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