Personal Finance: Income, Money & Tax
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Session 1
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Session 2
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Session 3
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Income from employment |
Tools used to transfer money |
Online Currency |
1) Difference between money and income – sources and features 2) Components of payslips 3) Simple wage calculations |
Understand different ways of transferring and paying money including ATMs, cheques, direct debit, standing order, CHAPS, bacs, PayPal, mobile apps; |
Understand Bitcoin and other online currencies and how they work |
Session 4
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Session 5
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Session 6
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Value for Money |
Why are we taxed? |
Paying Tax |
How to ensure you get the best value for money when making purchases by comparing different deals. |
Types of tax: income, council, VAT, inheritance – why do we pay it, where does it go Impact of changes in tax |
Calculate income tax. Understand what tax I pay if I'm self employed Understanding different Tax documents – P45 and P60. |
This course will help build these CHARACTER attributes: |
This course will develop skills that would be useful in the following job sectors: |
Ambition, Curiosity, Responsibility |
Media and Creative, Healthcare, Law, Education and Childcare, Engineering, IT, Sport, Marketing, Science, Finance, Construction, Manufacturing, Hospitality and Retail, Agriculture, Public Services |