Updated for April 2024 changes to MLW and NI as well as to reflect price changes.
A set of worksheets that will help students prepare for the world of work and living away from home.
The first sheet looks at income from employment –considering the main deductions that lead to net pay being less than gross pay.
The worksheet takes students though the process step by step, calculating the deductions from a national living wage job.
The second sheet considers main household expenses such as rent, council tax and insurance. Again the worksheet takes a methodical approach, allowing students to see how quickly their income will be spent.
Ideal for use in PSHE and functional maths –calculator required!; Also available as a separate resource is a pair of power point presentations which go through the same information showing students how gross income is reduced and basic spending.
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