Discover the fees related to the Level 4 Accounting Technician Apprenticeship and the rules relating to apprenticeship funding including what can and cannot be covered.
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 theApprenticeship 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 | From 1 Jan 2025 |
Portfolio and Reflective Statement | £310.00 | £325.00 |
Role Simulation exam | £260.00 | £272.00 |
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 ourqualifications. Fees are set by the tuition provider and may vary depending on location, course structureand type.
Fees not covered by the apprenticeship funding
The following fees are not covered by the apprenticeship funding:
Student registration fee
| Current | From 1 Jan 2025 |
Student registration | £197.00 + VAT | £206.00 + 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 | From 1 Jan 2025 |
Exam entry (per exam) | £85.00 | £90.00 |
Credit for prior learning
| Current | From 1 Jan 2025 |
Credit for prior learning (per application) | £85.00 | £90.00 |
FAQs
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.
Is a Level 4 apprenticeship worth it? ›
A Level 4 apprenticeship will enable you to gain industry experience, and earn a proper wage alongside achieving a qualification. Apprenticeships in general enable you to become highly employable, offering you specific skills that will be invaluable for your future career.
How long does it take to complete Level 4 apprenticeship? ›
Your Level 4 (Higher) Apprenticeship can take anywhere from one to five years for you to complete. As an apprentice, you'll spend most of your time working with an employer on projects which are directly related to the topics included in your apprenticeship.
How long is a Level 4 accounting apprenticeship? ›
Duration. The Level 4 apprenticeship must be at least 12 months long. It will typically take 18-24 months to complete.
What does a level 4 apprenticeship equal to? ›
Level 4 apprenticeships are equivalent to the first year of an undergraduate degree, or a Higher National Certificate (HNC).
What is level 4 equivalent to? ›
Level 4 qualifications are equivalent to the first year of a bachelor's degree and are considered advanced learning. They are typically taken after college A-levels, an Access to Higher Education programme or similar Level 3 courses.
What is the easiest apprenticeship to get into? ›
The easiest no-experience trade job to get into is often a position as a laborer or apprentice in construction or landscaping. These roles typically require minimal formal education or prior experience.
What is the lowest apprenticeship level? ›
Apprenticeships range from Level 2 up to Level 6, with Level 2 being the starting point and 6 being the highest. These levels are also split up into categories: Intermediate, Higher, Advanced and Degree.
Which banks offer apprenticeships? ›
Banking Apprenticeships in London
- RBS.
- Lloyds Banking Group.
- M&G Investments.
- Hendersons Global Investors.
- J.P. Morgan.
- Goldman Sachs.
- Santander.
- Nomura.
Are apprenticeships hard to get? ›
If it's a degree apprenticeship, it will likely be more difficult to land than an intermediate apprenticeship. All you need to stand a good chance of getting an apprenticeship is a strong CV, so if you don't have the qualifications, make sure it's packed with experience and strong references.
In a nutshell, yes you can! There are a number of apprenticeship schemes out there that you can apply for even if you don't have any qualifications. So if you're wondered and thinking, “I failed my GCSEs”, don't worry – a fantastic career could still be available to you. There are different levels of apprenticeships.
How long are apprenticeship interviews? ›
How Long Do Apprenticeship Interviews Last – Don't bring your stop watch with you because this will vary massively on the company that will be interviewing you. Most interviews can last between 20 minutes to 1 hour.
Is Level 4 accounting hard? ›
AAT level 4 is the final level of the AAT qualification. Once you have completed level 4, you will have gained the full AAT Accounting Technician qualification. Like most qualifications, level 4 is considered a lot harder than the previous levels.
How hard is accounting apprenticeship? ›
Being an AAT apprentice is the start of an exciting career as an accountant. It is not the easy option: you'll be studying while working and to get to a Level 4 will take typically three years. And there is healthy competition for apprenticeship places.
What to do after an accounting apprenticeship? ›
An apprenticeship in the industry can lead to a range of careers, including:
- accountant.
- actuary.
- broker.
- insurance underwriter.
- financial analyst or adviser.
How much do most apprenticeships pay? ›
As of Sep 11, 2024, the average hourly pay for an Apprentice in California is $21.76 an hour. While ZipRecruiter is seeing salaries as high as $36.77 and as low as $12.10, the majority of Apprentice salaries currently range between $17.07 (25th percentile) to $23.70 (75th percentile) in California.
What is a tax apprenticeship level 4? ›
The ATT Level 4 Apprenticeship equips individuals with personal and business taxation knowledge, with the option to specialise in one further area of taxation. Apprentices gain practical experience alongside theoretical knowledge, preparing them for a role as a tax technician.
Do you need a level 3 to get a level 4? ›
Requirements for the course
There are several entry requirements and prerequisites to taking the Level 4 Certificate. The course doesn't require candidates to have achieved the Level 3 Certificate beforehand. You can take the Level 4 Certificate without any prior qualifications in education and training.
Is a Level 3 apprenticeship worth it? ›
Advanced apprenticeships really are a great route if you're keen to get out into the world of work and employers recognise you won't have bags of experience but will instead look for passion for your chosen industry and commitment.