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Smart Savings & Future Skills: Why Now is the Time for Apprenticeships

Smart Savings & Future Skills: Why Now is the Time for Apprenticeships

Exciting opportunities are on the horizon for businesses across the UK! As of April 2025, employers will see a shift in National Insurance contributions, with rates increasing from 13.8% to 15% on employee salaries exceeding £5,000. While this change presents a new financial landscape, it also shines a spotlight on a powerful and cost-effective solution for talent development: apprenticeships.

At Springfield Training, we believe this upcoming change makes now the most opportune time to strategically invest in your workforce through apprenticeship programmes. Why? Because alongside the undeniable benefits of nurturing fresh talent and upskilling existing employees, there's a significant financial advantage: employers pay zero Employer National Insurance contributions for apprentices under the age of 25!

Let's break down the potential savings:

• On a £20,000 employee salary: By enrolling this individual on an eligible apprenticeship programme (if they are under 25), your business could save a remarkable £2,250 per annum in Employer National Insurance contributions.

• On a £25,000 employee salary: The savings are even more substantial, with a potential annual saving of £3,000 on Employer National Insurance for an apprentice under 25.

These aren't just small figures; they represent significant savings that can be reinvested back into your business – whether it's further training, new equipment, or business growth initiatives.

More Than Just Savings: Investing in Your Future

While the financial benefits are compelling, the true value of apprenticeships extends far beyond cost savings. By offering apprenticeship opportunities, your business can:

Develop a skilled and loyal workforce: Tailor training to your specific business needs and cultivate employees who are invested in your company's success.

Address skills gaps: Equip your team with the precise skills required to drive innovation and productivity.

Boost employee morale and retention: Show your commitment to employee development and create a culture of continuous learning.

Future-proof your business: Build a sustainable talent pipeline for long-term growth and competitiveness.

The Time to Act is Now

The upcoming changes to Employer National Insurance, coupled with the ongoing exemption for apprentices under 25, create a powerful incentive for businesses to embrace apprenticeship programmes. It's a win-win situation: you can reduce your employment costs while simultaneously investing in the future of your workforce.

At Springfield Training, we are experts in connecting businesses with the right apprenticeship programmes to meet their unique needs. Our dedicated team can guide you through the entire process, from identifying suitable apprenticeship standards to recruiting and supporting your apprentices.

Don't miss this prime opportunity to save money and build a stronger, more skilled team.