Contribution Payment in Full

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This topic contains 7 replies, has 6 voices, and was last updated by  Hughes18 3 weeks, 4 days ago.

Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts

  • nell29
    Participant

    Hi, does anyone know if it is ok for an Apprenticeship Employer to pay their 10% contribution in full rather than paying this on a monthly basis?

    Thanks

     
    #200905

    Sue Bishop
    Participant

    It’s what we are doing….

    Much less admin and tracking.

    Sue

     
    #200907

    nell29
    Participant

    Yes I agree this is so much easier, thank you Sue.

     
    #200917

    steveh
    Participant

    Only issue would be if they paid it all at the end I think? All up-front is definitely fine!

     
    #200938

    Lisa
    Participant

    Our Employers are preferring to pay it all upfront. 🙂

     
    #201088

    Sue Bishop
    Participant

    The only concession we would make is if it were a less than 50 employer and they had a ‘group’ to start at the same time (I might suggest staggered starts to help though, if contract allocation were tight)

    Sue

     
    #201090

    AVWebb
    Participant

    We are also asking for money up front and this seems to be the preference for our employers. Can I ask what people are doing if a learner leaves. Do you have a policy on returning contributions for an early leaver? I would be interested to see what people are doing in this case.

    Thanks

     
    #201101

    Hughes18
    Participant

    Hi
    We were provided with the following advice.

    As discussed, the full amount of co-investment for the apprenticeship duration can be paid in advance annually and will need to recorded as a PMR 1 with the full amount and the date in which it was received into your bank account. This will satisfy the requirements for co-investment.
    Regards
    Tracey

     
    #201153
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