Year 11 Financial Literacy 

Learning objectives:

1. Describe the main salary deductions

2. Identify and explain key elements of a payslip

3. Calculate income tax for different job salaries

Learning objectives:

1. Describe the differences between financial needs and wants

2. Explain the purpose of budgeting

3. Apply a budgeting framework to needs, wants and future spending

Learning objectives:

1. Identify different ways to save for the long term

2. Compare different savings products and assess best options for different people

3. Calculate interest for different savings accounts

Learning objectives:

1. Describe what investing is and what I can invest in

2. Explain the differences between shares and bonds

3. Recognise the factors that will affect people’s risk profiles

Learning objectives

1. Describe the relationship between risk and insurance

2. Identify different types of insurance plans and key features of insurance plans

3. Compare and assess different insurance products

Learning objectives:

1. Apply an investment strategy (low-, medium- or high-risk) to calculate how an investment portfolio changes over time due to external events