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To ask the Secretary of State for Education, if his Department will assess the potential merits of recommending adding to the school curriculum financial education which includes advice on filling out tax forms.
To ask the Secretary of State for Education, if his Department will assess the potential merits of recommending adding to the school curriculum financial education which includes advice on filling out tax forms.
The Department has introduced a rigorous new mathematics curriculum, which provides young people with the knowledge and financial skills to make important decisions about mortgages, loan repayments, the importance of personal budgeting, money management and financial risks.
In 2014, for the first time, financial literacy was made statutory within the national curriculum as part of the Citizenship curriculum for 11 to 16 year olds. Pupils are taught the functions and uses of money, the importance of personal budgeting, money management and the need to understand financial risk. Schools can include teaching about completing tax returns should they wish to, based on the needs of their pupils.