Work, income and deductions
I can estimate and calculate take home pay for different occupations and for people in different circumstances.
Work, income and deductions
I can estimate and calculate take home pay for different occupations and for people in different circumstances.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- There is a difference between gross and net pay.
- People in different circumstances will have different levels of deductions/allowances.
- Payslips should be checked to ensure deductions are correct.
Keywords
Gross pay - Your gross pay is your total income before any deductions are made.
Net pay - Your net pay is the amount of income that you receive after deductions have been made.
Common misconception
Gross pay is all the money that you make and get to keep.
Gross pay is your total income but it is not always what you receive. If you earn enough, you will need to pay tax and NI which is deducted from your gross pay.
To help you plan your year 11 financial education lesson on: Work, income and deductions, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your year 11 financial education lesson on: Work, income and deductions, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
Explore more key stage 4 financial education lessons from the Salaries and long term financial planning unit, dive into the full secondary financial education curriculum, or learn more about lesson planning.
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended