PFA2 – VTCT (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:

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

or similar vocationally-based qualifications

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


Qualification structure

To achieve VTCT (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

Group M – mandatory modules

mod. no.

mod. no.

   Module  title

   Mod. Level

   GLH Value
H/617/3040PF1Understanding personal finance226


Understanding money management




To find out more about our registration/certification fees, contact our customer services team on

0121 270 5100 or  email us