The Association of Taxation Technician (ATT) has welcomed the government’s move to introduce more financial education into the national curriculum in UK schools. However, it is totally right when it says: “A full understanding of personal finance must also include an awareness of taxation, a key area often overlooked in traditional financial education.”
ATT is recommending a four-pronged approach:
- Integrate age-appropriate tax education into financial literacy lessons at all key stages.
- Develop teacher resources and training to ensure educators feel confident delivering tax-related topics.
- Collaborate with bodies, such as the ATT and HMRC, to provide practical and accurate content.
- Use real-life examples, such as payslips, VAT on purchases, and public spending to make the learning relevant and engaging.
Jane Ashton , CEO at ATT said: “By including taxation within financial education, we can help young people not only understand their own finances but also appreciate their role as active participants in society. The ATT stands ready to work with government and educators to make this a reality.”
