Top 5 facts about transfers
You can transfer a maximum of 10% of your annual funds, which will be calculated from the total amount of levy declared during the previous tax year.
You can make a transfer to any employer, including employers who pay the apprenticeship levy and Apprenticeship Training Agencies (ATAs). If you send a transfer you cannot also receive a transfer.
You can transfer funds to another employer to pay for the costs of training and assessment for their apprenticeships. These must be for apprenticeship standards. Transfers cannot be used for apprenticeship frameworks.
By making a transfer you could support other businesses. For example, by supporting the skills of your supply chain’s workforce, your own business is also likely to benefit. You could help a charitable organisation or support the skills base within your local economy.
If you’d like to start preparing for transfers, read a short blog on the types of activities you could be doing now to get ready.
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