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Year 9

Investing in my future

I can understand how my financial choices may provide for my future needs.

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Year 9

Investing in my future

I can understand how my financial choices may provide for my future needs.

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Lesson details

Key learning points

  1. By saving or investing money, future needs could be met
  2. It is impossible to accurately predict all life events
  3. By considering the level of personal risk versus financial gain, planning can be done for the future

Keywords

  • Junior ISA - A Junior Individual Savings Account (Junior ISA) is a long-term, tax-free savings account for children.

Common misconception

Investing money is a bad choice as it could lead to a loss.

Deciding how and where to invest money is a personal choice and may be better for some.


To help you plan your year 9 financial education lesson on: Investing in my future, download all teaching resources for free and adapt to suit your pupils' needs...

Many banks have online banking tools to project the final value of different ISAs. Pupils could investigate these to see how different choices (initial deposit, monthly payments) affect the final value.
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Equipment

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Content guidance

  • Depiction or discussion of sensitive content
supervision-level

Supervision

Adult supervision recommended

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Licence

This content is © Oak National Academy Limited (2025), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).

Lesson video

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6 Questions

Q1.
I put £10/week into my savings. How many weeks will it take for me to save enough to pay for a £550 holiday?
Correct Answer: 55, 55 weeks
Q2.
I put £80 a month into my savings. How many weeks will it take for me to save enough to pay for a £720 holiday?
Correct Answer: 39, 39 weeks
Q3.
I put £55 in a savings account. At the end of the year I receive what I put in and an extra 2.4%. How much do I receive?
Correct Answer: £56.32
Q4.
I put £55 in a savings account. At the end of the year I receive what I put in and an extra 4.3%. How much do I receive?
Correct Answer: £57.37
Q5.
I put £120 in a savings account. At the end of the year I receive what I put in and an extra 5.4%. How much do I receive?
Correct Answer: £126.48
Q6.
I put £2000 in a savings account. At the end of the year I receive what I put in and an extra 3.7%. How much do I receive?
Correct Answer: £2074

6 Questions

Q1.
Lucas has £200 in savings. He wants to buy a laptop costing around £900. Sam says Lucas needs at least £700. Why did Sam say at least?
Correct answer: Sam thinks Lucas has underestimated the cost.
Sam thinks Lucas has overestimated the cost.
Sam thinks Lucas has the exact cost and it will not change.
Q2.
Lucas decides to save for 30 driving lessons and assumes the cost is £35 per lesson. This means it will cost him £1050 to prepare for his test.
True - he has correctly calculated the cost.
True - the figures are exact and he has correctly calculated the cost.
Correct answer: False - he is making an assumption so the final amount is not certain.
False - Lucas does not need any driving lessons to pass his driving test.
Q3.
A Junior (Junior ISA) is a long-term, tax-free savings account for children.
Correct Answer: Individual Savings Account
Q4.
A child can take control of their Junior ISA account when they turn:
15
Correct answer: 16
17
18
Q5.
A child can withdraw money from their Junior ISA when they turn:
15
16
17
Correct answer: 18
Q6.
A Junior stocks and shares ISA is where:
you can pay money in and the interest earned is tax-free.
Correct answer: the money you pay in is used to invest in the stock market.
the risk is very low.
Correct answer: the risk can be low or high.