Top 5 facts about transfers

Top 5 facts about transfers

1. What can I transfer as a levy-paying employer?

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.

2. Who can I make a transfer to?

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.

3. What can the transfer be used for?

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.

4. Why should I consider making a transfer?

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.

5. What do I need to think about to prepare for transfers?

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.

For more information on this topic please click here.

https://www.gov.uk/guidance/transferring-apprenticeship-service-funds