Code: 2.6.1 · Adults
Basics of pension planning
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Understands why it is important to consider ways of ensuring financial security beyond working age and start saving for retirement from a young age
Skill
What you can do at this level
- Sresiliencedaily-lifelarge-majority
Makes plans to achieve financial security beyond working age
- Sresiliencedaily-lifelarge-majority
Takes into account all likely relevant resources and commitments when planning for retirement
Attitude
What you can do at this level
- Aresiliencedaily-lifelarge-majority
Confident to plan for retirement
- Aresiliencedaily-lifelarge-majority
Appreciates the importance of balancing current standard of living and spending choices with goal of achieving improved financial choices later in life
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.