Question: How Much Is The Apprentice Wage Subsidy?

How much funding do I get for an apprentice?

You contribute 10% towards the cost of training and assessing your apprentice and the government pays the rest (90%)..

Does the government pay for apprentices?

The Office of State Revenue administers an offset rebate scheme for approved apprentices and new entrant trainees. Rebates are provided by allowing the amount of the rebate to be offset against monthly payroll tax payments. Visit or download our fact sheet for more information.

Can an apprentice be on a salary?

The rebate can only be claimed on wages paid to apprentices/trainees that are approved by Training Services NSW under the Apprenticeship and Traineeship Act 2001. …

What are apprentices entitled to?

Most modern apprentices are categorised as employees, which entitles them to a wide range of statutory work rights including: at least 20 days paid holiday a year (plus bank holidays); at least the National Minimum Wage for apprentices; rest breaks; health and safety protection; and a contract of employment or training …

How much does a 1st year carpentry apprentice earn?

Apprentice Wages 2019 $15.01 – $21.98 per hour. $22, 665 – $47,012 per year.

Is the apprentice wage subsidy taxable income?

The 50% apprentice wage subsidy is either taxable income or it is not. … It is assessable and taxable income. When completing your tax return, businesses who receive the Supporting Apprentices and Trainees wage subsidy (COVID-19) need to report it under government payments.

Can you get JobKeeper and apprentice subsidy?

Can I claim the JobKeeper Payment and Supporting Apprentices and Trainees at the same time? No. An employer will not be eligible to claim Supporting Apprentices and Trainees for any period where they choose to claim the JobKeeper Payment for the same Australian Apprentice.

Who pays an apprentice?

In most cases, not the apprentice. If you’re between the ages of 16 and 24, you won’t have to fund your own tuition, it’s your employer and the government who cover the fees.

How many hours a week can an apprentice work?

30 hoursApprentices normally work at least 30 hours a week. However, an apprentice’s weekly hours can be reduced if their apprenticeship programme is extended. An apprentice must receive the appropriate minimum wage.