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Employer National Insurance Contributions for Apprentices Aged Under 25 Years Have Been Abolished
It is now better value for employers to take on young apprentices
Employers look to save around £1,000 a year when employing an apprentice earning £16,000
Apprenticeships give young people the chance to learn while earning
Employers of young apprentices are set to save thousands of pounds after the government abolished employer National Insurance contributions for apprentices under 25 years of age.
The change, which came into effect on 6 April 2016, will make hiring an apprentice even better value for employers across the country.
This exemption will apply to both existing employers with apprentices and those taking on a new 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