From April 2018, if you pay the apprenticeship levy you will be able to transfer apprenticeship funds to other organisations to pay for their apprenticeship training and assessment.
ESFA has published information on how the transfer process will work, and the kinds of planning activities you could begin now if you are considering transferring some funds to another employer. The ESFA information about transfers is available at transferring apprenticeship funds.
Top 5 facts about transfers
1. What can I transfer as a levy-paying employer?
You can transfer a maximum of 25% 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 employers in your local health and social care system, help a charitable organisation or support the skills base within your local wider economy. However, apprentices paid for using the transferred funds cannot be counted towards your public sector target figures.
If you have any questions please call the National Contact Centre on 08000 150 600 or email email@example.com