Personal Finance Award at SCQF level 4

Personal Finance Award at SCQF level 4

The Personal Finance Award at SCQF level 4 will develop knowledge and skills to cope confidently and effectively with basic financial encounters as well as managing money.

Achievement of this award is nationally recognised.

This qualification covers the principles of money and money management (such as calculating and comparing costs in utility bills), insurance, pensions, investigating different forms of borrowing, identifying different types of money, investigating income, payslips, income tax, national insurance, credit cards, budgeting and foreign currency exchange.

This qualification is available through schools, colleges and training providers.

Why deliver this qualification

This award has a wide potential market. It is open to all learners, regardless of age, academic experience or ability.

To achieve this award, learners must pass two end-of-unit e-assessment tests using SOLAR (SQA’s e-assessment system).

The award can be used to offer a progression pathway to other qualifications (see Progression). 

Who does this qualification suit

The Personal Finance Award at SCQF level 4 is suitable for:

  • S3–S6 pupils
  • school leavers
  • college students
  • adult returners to education

Access

Entry is at the discretion of the centre. 

Progression

The award can provide progression to:

  • The Personal Finance Award at SCQF level 5 (currently under development).
  • The Skills for Work Course in Financial Services at SCQF level 5.
  • The NPA in Financial Services at SCQF level 6.

Approval

Centres with devolved authority for approval should use their own internal approval process.

Centres without devolved authority must come forward for approval and should contact SQA’s Business Development Team for guidance. 

How to assess

Awards are not graded. This award has two units, and each of the units must be assessed using the SOLAR e-assessments provided by SQA.

Centres can use the support packs available of the main website. These packs provide learning and teaching activities for each unit. There are also practice assessment materials available on SOLAR to prepare learners for their e-assessment tests. 

Where can you take this course?

Qualification content and delivery tools

Current

Information about the qualification(s)

Qualification Structure

Group Award code: GM17 44 (12 SCQF credit points)

The Personal Finance Award at SCQF level 4 consists of two mandatory Units (12 SCQF credit points).

Group Award Specification

There is no Arrangements Document or Spec for this Award

Unit(s) and delivery tools

The Personal Finance Award consists of the following Units:

SQA support packs are available for both Units.

Some additional learning and teaching materials are available on the secure area of SQA's website.

The content of The London Institute of Banking and Finance learning and teaching material is appropriate and applicable to the Personal Finance Award. Note, however, that the topics do not directly correlate with the Personal Finance Award unit tasks. Centre staff should ensure that material used relates to the tasks given in the SQA Unit specifications.

Information about delivery, assessment, quality assurance and support material

Lapsing

Information about the qualification(s)

Qualification Structure

This Group Award GA1Y 44 has been replaced and has entered into its lapsing period.

The lapsing date for this qualification is 31 March 2017.

The finishing date for this qualification is 31 July 2017.