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Financial Capability

GCSE Money & Financial Literacy · Ages 14–16

Read a payslip, compare saving and borrowing, understand insurance and APR, and plan ahead with confidence.

Name: Date:

Read a Payslip

🦜 Rosie: "Know where your money goes before it reaches you." Gross £1,500; Income Tax £150; NI £90.

Total deductions = £

Net (take-home) pay = £

🦔 Gary: "Different accounts suit different goals." Match a goal to a home for money.

Short-term / emergencies

Long-term goals

🦎 Elvis: "APR shows the yearly cost of borrowing — higher APR = more expensive." Compare two options.

Option A: 12% APR · Option B: 39% APR. Cheaper to borrow with:

Borrowing £500 at roughly 20% for a year costs about £ in interest.

🦜 Rosie: "Insurance spreads the cost of big risks." You pay a premium to be covered if something goes wrong.

Phone insurance

Contents insurance

Travel insurance

Car insurance

A risk I think is worth insuring against, and why:

🦔 Gary: "Future-you will thank present-you." Set a smart money goal.

Goal:

Amount & deadline: £ by

Monthly amount to get there: £

🏅

Excellent work, !

You read a payslip, compared saving options, understood APR and insurance, and set a plan for the future. 💰

Signed by Rosie 🦜, Gary 🦔 and Elvis 🦎 · Date: