Employers > Levy Calculator...

The following are examples of how the levy calculations work:

Example 1: Annual Wage Bill = £1,000,000
Levy sum: 0.5% x £1,000,000 = £5,000
As this is less than the £15,000 ‘allowance’, no Levy payment is required

Example 2: Annual Wage Bill = £4,000,000
Levy sum: 0.5% x £4,000,000 = £20,000
£20,000 - £15,000 allowance = £5,000 Levy to pay

Example 3: Annual Wage Bill = £10,000,000
Levy sum: 0.5% x £10,000,000 = £50,000
£50,000 - £15,000 allowance = £35,000 Levy to pay

This government calculator will help you estimate if your organisation will pay the apprenticeship levy, how much your organisation will have available to spend on apprenticeships and how much the government will contribute towards the cost of training.
https://estimate-my-apprenticeship-funding.sfa.bis.gov.uk/

For more info, please contact us.