NI for young apprentices scrapped

National Insurance contributions on young apprentices will be scrapped, the government has announced. Chancellor George Osborne said the measure is a step toward increasing productivity and the creating a highly-skilled labour market.
In the Autumn Statement, Osborne announced that employer National Insurance contributions on apprentices under the age of 25 will be axed.
“When a business is giving a young person a chance in life we will support them, not tax them,” he said.
National Insurance contributions on apprentices under the age of 21 will be abolished in April 2015.
“The government is now going further, helping young people to develop the skills and experience they need to build their careers.”
Osborne added that abolishing jobs tax will mean the employers of about half a million apprentices will be exempt from paying.