As of April 2016 apprentices under 25 years of age were no longer required to pay (employer) NIC or secondary class 1 contributions on earnings up to the Upper Earnings Limit (UEL) – which is £43K per annum, or otherwise known as (AUST) Apprentice Upper Secondary Threshold.
This is a significant benefit and the objective is to support youth employment. The new regulations were introduced to demonstrate the government’s commitment to ensuring more people can access high quality apprenticeships, and to support employers who provide apprenticeship to young people.
If you have any questions about taking on an apprentice and the pros and cons for your business please do not hesitate to contact us.
