Chapter 8 - 2.4 - Apprentices and Young People Flashcards
1
Q
How have the government tried to encourage employers to take on apprentices and employ young people?
A
Class 1 secondary contributions are lower in relation to those groups
2
Q
What is the age limit for employees?
A
Under 21
3
Q
What is the age limit for apprentices?
A
Under 25
4
Q
What is the lowest rate per annum?
A
0% on earnings up to £50,270 per annum
5
Q
What is the highest rate per annum?
A
13.8% on anything above £50,270
6
Q
What should you assume in the exam?
A
That the tax payer is over 21 and not an apprentice, unless stated otherwise
