In may 2017, the government brought in new legislation that will affect the way in which all RQF awards will be funded from here on out.
Employers are now expected to make a financial contribution towards their staff's RQF qualifications. The proportion of this contribution is dependent upon the wage bill of the employer.
Those employers who have a wage bill of under £3 million, are required to make a 10% contribution towards all awards. This contribution must come directly from the employer. The payment of the contribution is flexible, and we are able to provide monthly, quarterly and upfront payment plans for the co-funded businesses who choose to work with us.
If your business' overall wage bill is above £3 million, a 50% contribution towards all RQF awards is now expected. The 50% contribution must be deducted from your company's Digital Wallet, and used for the payment of all RQF awards. The digital wallet has already been topped up by £15,000, by the government, to fund your staff member’s training.
Moving forward, Network Learning Centres, will be providing RQF Apprenticeships under both the Levy and Co-Funded framework, using the old standards.
If you would like to receive information regarding our costings for the 10% and 50% contributions, contact us today and we’ll be happy to help. We can also guide you through the process of setting up, and using, your digital account to enrol your learners on the Levy scheme.
Setting up your digital account
Firstly, before setting up your account, you will need:
- Government Gateway login details for the PAYE schemes that are being included in the account, not including the details of any agents you may have.
- Details for each organisation that will be using a training provider for their RQF training
To set up your digital account, follow this link:
Once you have done this, you will need to attach the PAYE scheme of any apprentices employed to your account. You’ll then be able to add other staff members to your account, and select the different awards you want them to have within the account.
If you have several connected organisations you can add one or more of them to your account.
Using your account
Your levy balance for will be added to your account after you make your declaration to HMRC.
You are required to sign an agreement, which allows you to use the system, and sets out the terms and conditions of use. You will be unable to access the system without signing this agreement.
Accepting these terms allows you to:
- Alter, or add, information about apprentices and training
- Approve payment to RQF provider
- See any payment activity in, and view balance
- Make a break, or stop all together, payments to your training provider
Registering multiple connected organisations
If you are registering on behalf of multiple connected companies, you need to think about:
- The structure of their PAYE schemes
- How funds are to be spent
Be sure to use the organisation’s legal name when adding them to your account. All organisations that will be receiving RQF training need to be registered. Although you can add as many organisations as you would like, a single PAYE scheme can’t be split across multiple accounts.