The Chancellor of the Exchequer, Rishi Sunak, had now confirmed that there will be an additional £500 million worth of funding to expand the Government’s plans for jobs.
The Kickstart scheme will be extended until March 2022. This means that all applications from employers will be accepted up until 17th December 2021. The kickstart scheme has been a huge success across the country and has placed young workers between 16 and 24 years, who are currently in receipt of Universal Credit, into jobs. Employers that employ a Kickstarter can claim back 100% of the National Minimum Wage or National Living Wage for 25 hours per week, for a total of 6 months. Employers can also claim back the associated employers National Insurance and the minimum Automatic Enrolment pension contributions.
In addition to this, the £3,000 incentive payment that is awarded to employers who employee apprentices has also been extended to business hire up until 31st January 2022.
Are you considering taking on a Kickstarter or an apprentice, then you will need to a PAYE scheme and you will have to run a payroll for them. We will set up your PAYE scheme free of charge for you, if you don’t already have one so get in touch with us today.