Identify the main features of coins and banknotes. 

Describe what is accepted and recognised as money. 

Identify what makes money legal and acceptable tender

Describe different ways of earning money. 

Identify the basic features of payslips. 

Check and complete payslips. 

Identify the current minimum wage. 

Identify some of the benefits and tax credits available for different groups of people and how they may be accessed.  

Describe different types of personal bank accounts and how banks promote them. 

List some of the ways you could access your money, eg ATMs, debit cards. 

Compare the features, facilities and costs associated with debit cards. 

Describe credit card purchase protection. 

Identify the costs of credit card protection schemes. 

Identify areas to be considered in a personal budget. 

Describe features of short term savings schemes and short term financial planning. 

Describe how to open a personal bank account. 

Identify different types of financial fraud and scams (including credit card fraud, identity theft and online fraud).  

Identify security precautions for banking and financial transactions (including PIN numbers and passwords for online banking).  

Investigate the factors that affect an individual’s personal credit rating. 

Perform calculations involving personal allowance, tax rates and National Insurance.  

Investigate how an individual’s tax code is determined and used.  

Investigate basic tax rules for the self- employed (tax return).  

Investigate forms associated with employment and how they are used (P60 and P45).  

Use government figures to identify what people’s tax contributions are spent on. 

Describe how payments are made from on-line bank accounts (bank transfers).  

Compare the cost of agreed overdrafts and unauthorised overdrafts.  

Describe the difference between standing orders and direct debits.  

Investigate the costs and incentives of different types of bank account (fees, interest rates and other incentives).  

Calculate the cost of credit card repayments over different timescales (including minimum monthly repayments and repaying large sums). 

Calculate, complete and check utility bills. 

Compare deals on utility bills. 

Calculate and compare mobile phone costs and packages. 

List some of the costs involved in motoring and travel. 

Identify potential sources of borrowing money. 

Describe how providers promote their products. 

Calculate how much would be repaid with different loan amounts, terms and rates of interest. 

Compare the costs associated with credit cards and store cards. 

Identify different types of insurance. 

Identify costs and monthly payments for home, content and life insurance. 

Identify state pension rates. 

Identify private pension scheme costs and returns. 

Describe the features of long term savings accounts 

Describe the features and costs of Hire Purchase. 

Compare the costs of using Hire Purchase, credit and cash. 

Compare and describe discount schemes. 

Describe the buying and selling process of auctions. 

Calculate profit and loss for a given financial transaction.