Getting to know payslips

This lesson contains content from a lesson previously titled Money and work, find out about the updates here.

This lesson features in the financial education scheme of learning for 11-14 year olds. A ready-made sequence of curriculum linked resources to help you build progression in your learners' knowledge over time. Visit the Scheme of learning homepage to support with your planning.

The Getting to know payslips lesson explores payslips, encouraging students to become familiar with reading a payslip and calculating pay. They will also explore loans and pensions and identify employee benefits beyond a salary.

Resources

• Getting to know payslips: Lesson plan - for use with a group of students in the classroom.
• Getting to know payslips: Presentation slides - to display to students and use alongside the lesson plan.

Lesson learning outcomes

By the end of the lesson students will have:

• Been introduced to what payslips are and how to read them.
• Identified the main features of a payslip and be able to explain some key terms.
• Identified how to calculate income tax and National Insurance deductions.

They also develop students’ core transferable skills such as problem solving and communication. 

These resources align to the Young Money Financial Education Planning Framework and have been awarded the Young Money Quality Mark.

Enhance your students' knowledge of the topic further by heading to BBC Teach and watching films which cover topics such as budgeting, saving, debt and understanding credit.

Why not include financial capability as a focus in your students’ wider curriculum? Refer to our Content guide to find out how LifeSkills resources can be used in PSHE or Maths lessons.

If you want to increase your own confidence to teach young people about money, Young Money provide free e-learning training to teachers across Primary and Secondary education. In addition, National Numeracy has a free website which helps you practise and refresh your everyday maths skills.