Skillsfirst Level 2 Award in Introduction to Personal Finance (RQF)

Qualification summary

This qualification has been developed for the widest range of learners possible: young people, students and adults, those who are entering further or higher education or pre-employment, recently unemployed or between jobs. It has been designed to meet the needs of learners who wish to gain a knowledge and understanding of the principles of saving and borrowing money, sources of income and expenditure, the need to manage income and expenditure, financial products and services, different forms of pay, how to budget and the use of credit.

The range of units contained in this qualification allow you to learn, develop and practise the financial skills required for life, without requiring or proving occupational competence. This qualification could also prove invaluable toward your own personal and career development.

This qualification does not require you to have any prior qualifications or levels of prior learning. For a list of training providers who deliver this qualification in your area please contact our customer services team.

Learners who achieve this qualification could progress onto the:

Skillsfirst Level 2 Certificate in Computerised Accounting for Business (RQF)
Skillsfirst Level 2 Certificate in Payroll for Business (RQF)

or similar vocationally-based qualifications

Qualification structure

To achieve Skillsfirst Level 2 Award in Introduction to Personal Finance (RQF), you will have to achieve the two mandatory modules in Group M.

Guided Learning Hours (GLH) are 46

Total Qualification Time (TQT) is 53

Qualification number

Qualification reference

Qualification review date

PFA2

603/3791/6

31/10/2023

Group M - mandatory modules

RQF mod. no.	Skillsfirst mod. no.	Module title	Mod. Level	GLH Value
H/617/3040	PF1	Understanding personal finance	2	26
K/617/3041	PF2	Understanding money management	2	29