The Level 4 apprenticeship funding cap has been set at £8,000.
- If you are a levy-paying employer, you will be able to claim back a maximum of £8,000 from your levy funds.
- If you are a non-levy paying employer, the government will pay 95% of the cost of the apprenticeship, so all you will have to contribute is the remaining 5%. This means the maximum amount available to you from the government is £7,600.
- If you are a non-levy paying employer, with 50 employees or less, and the apprentice you are employing is age 16-21, the government will pay 100% of the cost of the apprenticeship. This means that the maximum amount available to you from the government is £8,000.
Fees that are not covered by the apprenticeship funding must be paid by the employer and not the apprentice.
There are rules on what can and cannot be covered by the apprenticeship funding. All costs eligible for funding can be found in the Apprenticeship funding rules (paragraphs 89 to 93).
Fees covered by the apprenticeship funding
The following fees associated with our Level 4 Accounting Technician Apprenticeship are covered by the apprenticeship funding:
Learning materials
Please check with your tuition provider before purchasing learning materials for apprentices as some providers will include the cost of the ICAEW learning materials in their tuition fees.
| Learning materials (per exam) | £37.00 - £96.00 |
End-point assessment
| Current cost | From 1 July 2024 | |
| Portfolio and Reflective Statement | £305.00 | £310.00 |
| Role Simulation exam | £255.00 | £260.00 |
Please note, exam re-sits cannot be covered by apprenticeship funding.
Tuition
We work with high-quality tuition providers across the world to deliver tuition for our qualifications. Fees are set by the tuition provider and may vary depending on location, course structure and type.
Fees not covered by the apprenticeship funding
The following fees are not covered by the apprenticeship funding:
Student registration fee
| Student registration | £197.00 + VAT |
This is a one-off payment. Invoices for the student registration fee are issued regularly throughout the year following an apprentices registration.
On-programme assessment
The on-programme assessment fees relate to the six ICAEW CFAB exams
| Current cost | From 1 July 2024 | |
| Exam entry (per exam) | £80.00 | £85.00 |
Credit for prior learning
| Current cost | From 1 July 2024 | |
| Credit for prior learning (per application) | £80.00 | £85.00 |
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