If you are between 16 and 24 years old, you don’t have to pay for your apprenticeship out of your own pocket. Your employer and the government will be responsible for covering the fees and paying the apprenticeship wage.
If you are over the age of 24, the cost of training will be partially on you. But the good news is that you may qualify for an Advanced Learner Loan that will make things easier for you to manage. In short, your employer will be responsible for paying the training fees.
The government supports employers offering apprenticeships with levies. This incentive is for companies with over 3 million euros in salaries annually.
The funding a company receives from the government depends upon the levy declared to HMRC. This amount is multiplied by the bill proportionate to eligible employees. And then there is an additional amount of 10% as a top-up by the government.
As far as your wages are concerned, your employee will be responsible for it. If you are between 16 and 18 years old, you will get at least 4.3 euros per hour or whatever you agree on with your employer.
In the case of any job, both employers and employees have their own set of rights and responsibilities. Before getting started, you will have to sign two legal documents:
Apprenticeship agreement: This document has details about what you need to know about your working conditions, qualifications, training, and employment duration.
The commitment statement: It is all about the training and content schedule, the complaints procedure, and the supports offered.
Based on your age, employer, and profession, the wages will vary significantly. You should discuss this matter with your employer to find out how much they will pay you while you are learning and training on the job.
You need to pay for your cost of living, which includes your food, clothing, bells, rent, travel, internet purchase, and socializing, just to name a few. Although the salary you receive from your employer can help you make both ends meet, you will be responsible for managing your finances.
If you are feeling a bit overwhelmed, you can discuss this matter with your student support team or mentor. These helping hands will help you sort out the matter.
If you need financial support for your travel or child care, you may want to apply for the Advanced Learner Loan bursary fund.
Although almost every provider has a support structure for those students who have additional needs, you may want to discuss the matter with your employer and training provider. The idea is to make sure you have everything required for success from day one.
In short, you may have found this guide helpful when it comes to who will pay the apprenticeship wage while you are completing your course.