SCQF level 5 & 4 Personal Finance Awards
The Personal Finance Award at SCQF level 5 will develop knowledge and skills to cope confidently and effectively with the types of financial matters individuals are likely to encounter in life beyond school. The award will prepare pupils for financial decision making and managing personal finances throughout their lives, for example, student loans & pensions.
The award covers a range of topics, including calculating and comparing costs, household budgeting, different forms of borrowing, tax and National Insurance, credit cards, bank accounts, exchange rates, interest and inflation rates.
This course focuses on mathematical skills used in daily life, therefore is highly relevant for pupils. There is no final examination for this course.
In addition to this qualification, when choosing the Personal Finance Award, pupils will also be taught and assessed at National 5 numeracy.
To achieve each of these awards, learners must pass two end-of-unit e-assessment tests using SOLAR (SQA’s e-assessment system).
The awards can provide progression to:
•The Personal Finance Award at SCQF level 5. •The Skills for Work Course in Financial Services at SCQF level 5. •The NPA in Financial Services at SCQF level 6