Back to glossary
Statutory

ITF

Industrial Training Fund levy: 1% of annual payroll for qualifying employers.

The Industrial Training Fund levy requires employers with five or more employees (or a set turnover) to contribute 1% of annual payroll to fund skills development. Compliant employers can reclaim a portion against approved training spend.

Related terms

Help & how-to

See it in practice

See it applied to real payroll

Vintage People applies these statutory rules on every run, with a full audit trail.