National Training Fund Levy: Who Qualifies and What You Get
Learn about the mandatory training levy for Irish employers and how it supports access to national training resources.
The National Training Fund Levy is a mandatory contribution paid by employers to support the development of skills and training infrastructure across the country.
Who it's for
This scheme applies to all employers operating in Ireland. The levy is collected as part of your existing PRSI (Pay Related Social Insurance) obligations, meaning any business with employees is required to participate in this contribution system.
What you get
The primary benefit of this levy is that it provides access to national training infrastructure. This infrastructure is designed to support the ongoing development of the workforce, ensuring that the skills available in the labor market stay current and relevant to the needs of Irish businesses.
What it costs you
The cost to an employer is 0.7% of reckonable earnings. This is calculated based on the earnings reported for employees and is collected as part of your standard payroll obligations.
The catch to know
Because the levy is collected automatically through your regular PRSI payments, it is very easy to overlook. Many employers forget to include this specific cost when planning their annual budgets or calculating the total cost of employment. It is important to account for this 0.7% when forecasting your business expenses.
How to apply
- Confirm that your payroll system is set up to handle PRSI contributions correctly.
- Account for the 0.7% levy on reckonable earnings when calculating your total employment costs.
- Review your payroll records to ensure the contribution is being distributed through the correct revenue channels.
- Visit the official revenue portal for more information on your specific employer obligations.