Financial Provisions for Apprentices

By: J.A.J Aaronson - Updated: 26 Mar 2018 | *Discuss

 

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Parents are often forgotten when thinking about apprenticeships. While the onus and focus is obviously on the apprentice themselves, parents also have a vital role to play.

Many parents feel that they should make a financial contribution to their son or daughter’s apprenticeship. But what are the financial provisions available – and do you need to help out?

Will My Son or Daughter be Paid?

Many apprentices actually receive more than this. But the wage your son or daughter is paid will depend on the nature of their contract with their employer.

It is worth remembering that, although apprenticeships are a form of employment, they are often less well-paid than conventional positions. As such, it can be difficult to survive on an apprentice wage in an expensive area.

Do I Have to Pay Anything?

Of course, your son or daughter may require some new equipment or financial support. If they are moving town in order to fill a vacancy, the employer is unlikely to pay the relocation costs. These costs can add up, and it is often in these areas that parents choose to make a financial contribution.

Is an Apprenticeship Like a Job?

But, as has been mentioned, many apprentices are paid less than a conventional employee embarking on an entry level position. While they are entitled to be paid at least the National Minimum Wage, this may not constitute a ‘living wage’ – particularly somewhere like London.

What Can I do to Help?

You might choose to top up your son or daughter’s wages, or help them with their rent if they are living away from home. Alternatively, it may be cheaper for your son or daughter to live at home and commute to their place of work. You might also choose to help out with the cost of equipment or work clothing – although most of this should be provided by your son or daughter’s employer.

Finally, it is worth remembering that many apprentices value emotional support above all. Entering an apprenticeship can be a daunting prospect, particularly if your son or daughter has limited previous experience of employment. Simply making sure that you are there to talk to can make a huge difference during this important period.

Parents often have a vital role to play in their son or daughter’s apprenticeship. While money might be tight, a financial contribution is not always the be all and end all. Just being supportive is often the best thing to do.

An Apprenticeship is sponsored by Purely Energy, who have funded a lot of our content. If you are looking for a low cost business energy supplier, take a look at their website.

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