The following table sets out for the years 2015 to 2020 the national training fund levy; levy income; the projected yield at budget time of each 0.1% increase; the actual yield in the full calendar year following the increase.
Year
|
NTF Levy Rate
|
NTF Levy Income
|
Projected Yield for each 0.1% increase in NTF levy
|
Actual Yield for each 0.1% increase in NTF levy
|
2015
|
0.7%
|
€364m
|
N/A
|
N/A
|
2016
|
0.7%
|
€390m
|
N/A
|
N/A
|
2017
|
0.7%
|
€431m
|
N/A
|
N/A
|
2018
|
0.8%
|
€565m
|
€58m
|
€71m
|
2019
|
0.9%
|
€712m
|
€82m
|
€79m
|
2020
|
1.0%
|
Not yet available
|
€96m
|
Not yet available
|
It should also be noted that only the contributions from the private sector estimated yield increases are taken into account when increasing the national training fund spending limits. The 0.1% increases in each of the three years from 2018 to 2020 resulted in the national training fund spending limits increasing by €47m in 2018, €69m in 2019 and €74m in 2020.