Whilst National Insurance contributions will increase to 15%, Realise wants to remind employers of the valuable opportunity for savings when employing apprentices under 25.
This move aims to boost workforce development and encourage investment in young talent.
Under the revised guidelines, employers no longer need to pay National Insurance contributions for apprentices under 25 on annual earnings up to £50,270.
For example, hiring an apprentice at an annual salary of £25,000 can yield National Insurance savings of roughly £3,000 per year.
This change offers a substantial financial incentive for companies looking to support their business while developing a skilled workforce.
Realise is ready to help you make the most of these anticipated savings by helping match the right learner with the right apprenticeship programme to support further development and growth.
Together, we can explore tailored apprenticeship pathways to meet the specific needs of your team and support your business’s growth.
If you’re interested in leveraging the national insurance relief for apprentices and learning more about available apprenticeship opportunities, Realise is here to help.
