Who pays for all of this?
Lesson details
Learning outcome
I know that people who work pay taxes to fund services such as the NHS.
Key learning points
- Taxes on earnings pay for education, the NHS and other things like pensions.
- Some items considered wants rather than needs have VAT added.
- The government sets the level of taxes.
Keywords
Tax - Tax is money that you have to pay to the government so that it can pay for public services. Tax is also often paid on goods and services.
VAT - VAT or Value Added Tax is a tax that is added to the price of some goods and services.
Service - A service is a business whose work involves doing something for customers but not producing goods.
Percentage - A percentage is a part or share of the whole. It is expressed as if it is part of a total that is 100.
Common misconception
This lesson includes discussion of and calculation of percentages which can be a challenge for some children.
Teach the lesson after you've covered percentage in maths. Alternatively, adapt the lesson to remove the aspects of percentage that don't suit.
Teacher tip
Remember to be sensitive to the fact that some children may have adults that they care about who are unemployed and don't currently pay income tax. Know your class and perhaps pre-warn children for whom this may be a sensitive issue.
Content guidance
Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.Alex found a £5 note on the side of the road. Sam earned £5 helping a neighbour with their garden. Who do you think feels most proud of their £5?
Q2.True or false:
You should lend money to anyone who asks for it
Q3.Jun has spent all his pocket money but now he has seen a book he would really like. What could Jun do?
Q4.Jacob is getting a new coat for school. Which of these describe what the coat needs to be?
Q5.Jacob would like the same make of coat worn by his favourite celebrity. We can say that the celebrity is an .
Q6.Match these advertising phrases with the descriptions.
Would you like to jump as high as a gazelle?
The best trainers in the world!.
Hi-tec grips maximise your speed.
Save the planet with these trainers.
Assessment exit quiz
6 Questions
Q1.Which of these would be funded by local taxes?
Q2.What is paid for by the government in your school?
Q3.How is the National Health Service or NHS mainly funded?
Q4.Value Added Tax or VAT is added on to goods that we .
Q5.On which of these do you think VAT is added?
Q6.Someone earns £25,000 of taxable pay. If they pay income tax at 20%, how much money will they have left to take home?
To help you plan your 6 financial education lesson on: Who pays for all of this?, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your 6 financial education lesson on: Who pays for all of this?, 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 2 financial education lessons from the Budgets and ethical spending unit, dive into the full primary financial education curriculum, or learn more about lesson planning.