Below is an example of how a company whose wage bill of £6m, will contribute towards the levy.
- 0.5% levy sum x £6m wage bill = £30,000 levy
- £30,000 levy – £15,000 allowance = £15,000 payment
Employers in England who pay the levy and are committed to apprenticeship training will also receive a 10% top-up, directly into their DAS account. That means for every £1 that enters an employer’s digital account, they will actually receive £1.10.