MPFC1 – VTCT (Skillsfirst) Level 1 Certificate in Managing Personal Finance (RQF)
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 modules 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. There is no minimum age requirement for this qualification.
Learners who achieve this qualification could progress onto the:
- VTCT (Skillsfirst) Level 1 Award in Introduction to Financial Services (RQF)
- VTCT (Skillsfirst) Award in Computerised Accounting for Business (RQF)
- VTCT (Skillsfirst) Level 1 Award in Payroll for Business (RQF
or similar vocationally-based qualifications
If you feel that you only need a basic understanding of money management then you could chose to do the VTCT (Skillsfirst) Level 1 Award in Managing your own Money (RQF).
To achieve VTCT (Skillsfirst) Level 1 Certificate in Managing Personal Finance (RQF), you will have to achieve the mandatory modules in Group M.
Guided Learning Hours (GLH) are 103
Total Qualification Time (TQT) is 123
|Qualification number||Qualification reference|
Group M – mandatory module
|Module ?title||Mod. Level||GLH Value|
|H/617/4835||MPF1||Introduction to personal finance||1||41|
|K/617/4836||MPF2||Introduction to the principles of money management||1||28|
|M/617/4837||MPF3||Understanding the use of credit to borrow money||1||34|
To find out more about our registration/certification fees, contact our customer services team on
0121 270 5100 or email us