Module Overview

Personal Finance

This module aims to assist students to apply financial concepts to their personal finances. It introduces students to many of the financial concepts which can be applied in their business career and provides a foundation for future modules. Specifically, the module provides students with a wide understanding of both the products available and current practical methods used in personal finance decision-making including the income tax impacts.

Module Code

FNCE H2002

ECTS Credits


*Curricular information is subject to change


Introduction to managing personal finances, tracking expenditure using Excel spread sheets, undertaking a money makeover.

Investing for the future:

Applying compounding and discounting formulas including annuities and perpetuities to investing, saving and borrowing.

Loans and mortgages:

Types of loans and mortgages, calculation of repayments, the cost of credit and refinancing a loan, loan criteria.

Investment products and strategies:

Risk versus return, diversification, returns over time, secure investments, direct stock market investment, investment funds, investing a lump sum, investing in a pension.

Introduction to Income tax:

Introduction to the income tax system: Calculation of basic income tax liabilities for an individual and the tax effect of personal finance decisions. This will include the calculation of wages deductions, taxation of other income and an understanding of the availability and effect of some tax credits and reliefs.

Module Content & Assessment
Assessment Breakdown %
Formal Examination70