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{IQ BUSINESS MAGAZINE}

Your quarterly quota of expert insight and fresh thinking.. The business magazine for Suffolk and Cambridgeshire...

21st April 2016

{ ASBS Welcomes the Abolition of NI Contributions for Young Apprentices }

Apprenticeships Suffolk Business Service (ASBS), delivered by TCHC in partnership with Suffolk Chamber of Commerce on behalf of Suffolk County Council, welcomes the new reform that came into effect last week. The reform abolishing National Insurance Contributions provides a positive boost for Suffolk businesses who employ apprentices under the age of 25.

 

As the Government’s 2020 Apprenticeships vision starts its initial phase of implementation, Skills Minister Nick Bowles commenting on the change 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.”

 

Ann Keen, newly appointed Project Manager for the ASBS commented: “The news that NI contributions have been abolished for young apprentices means that there has never been a better time for employers to consider recruiting an apprentice than now.  Various streams of funding are available, including the £1,500 AGE Grant and ETIP funding towards training costs.

 

“Although ASBS will be contacting businesses across the region to offer support and guidance, I would urge employers with any queries or reservations to call 01473 694829 to arrange an appointment or to visit www.asbs.org.uk for more information. We want to ensure that you are ready for the changes and that you are receiving all of the financial support that you are entitled to.”

 

With various changes to Apprenticeship training, funding and recruitment, employers have found the free and impartial advice from ASBS invaluable. 

 

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