Your apprenticeship Levy can be used to pay for training for existing or new staff. You can only use funds in your account to pay for apprenticeship training and assessment for apprentices that work at least 50% of the time in England. You can’t use funds in your account to pay for other costs associated with your apprentices (such as wages, statutory licences to practise, travel and subsidiary costs, work placement programmes or the setting up of an apprenticeship programme).
If you are in a group of companies paying the levy together, your group can already set up a single shared apprenticeship account and pool your funds. Levy-paying employers are able to transfer funds to other employers, through the apprenticeship service. Transfers can be made to any employer, including smaller employers in their supply chain, and apprenticeship training agencies. Levy-paying employers will initially be able to transfer up to 10% of the annual value of funds entering their apprenticeship service account.
When you add a PAYE scheme to your account, any backdated levy funds will be added to your account.
Currently funds will be backdated to April 2017 when the apprenticeship levy started, after which funds will be backdated for a maximum of 24 months. Payments from your account to your training provider always use the oldest funds first.
Funds you don’t use will expire 24 months after they enter your account. For example, funds entering your account in September 2017 will expire in September 2019.
Once your funds have expired you cannot regain access to them.