It will be included in the citizenship curriculum for all secondary school children aged 11 and over.
The Government first confirmed plans back in February to offer financial education to pupils in Key Stage 3 and 4.
This followed work by the Personal Financial Education Group (pfeg) and MoneySavingExpert.com founder Martin Lewis.
Pfeg has since been working with the Department for Education to devise a new curriculum. This will include:
Key Stage 3
- Functions and uses of money
- Personal budgeting
- Managing risk
- Renewed emphasis on maths skills
Key Stage 4
- Income and expenditure
- Credit and debt
- Insurance
- Savings
- Pensions
"We are delighted that the Department for Education have worked with us on this; in particular we welcome the inclusion of pfeg's recommendations to incorporate 'risk management' in citizenship at key stage 3 and 'income and expenditure, credit and debt and insurance, savings and pension' at key stage 4."
The curriculum is open for consultation until 8 August 2013.
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