Skills Minister, Nick Boles, has announced that from 6th April 2016 employers will no longer pay National Insurance contributions for apprentices under 25 years.
Incentives for Employing Apprentices
This is a significant boost to encouraging businesses to employ an apprentice and comes shortly after the announcement that he AGE grant for employers will be continuing for the foreseeable future.
The AGE grant already provides a £1500 incentive for employers looking to hire an apprentice and the removal of NI contributions for apprentices is welcome news.
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.
Nick Boles – Skills Minister
The government has ambitious targets of 3 million apprenticeship starts by 2020 so any incentive to get employers to hire apprentices is welcome.
If you are a business and would like more information about apprenticeships then please contact us