Managing Income: US 24697

This resource helps teachers deliver the Financial Capability Unit Standard 24697 ‘Perform income-related calculations for personal financial capability’ (Level 1, 2 Credits). Students will learn methods used to calculate gross income, using annual, monthly, fortnightly, weekly and hourly income rates.

This resource is currently being updated ready for the start of term - broken links fixed and updated content. You can download now but please check you have the latest version before using it in the classroom.

Curriculum links

Financial Capability is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.

Managing Income: US 24697

  • Year 11-13
  • 25-30 hrs
  • Mathematics and Statistics
    Social Sciences
    Level 1 Financial Capability Unit Standard
  • Free to NZ schools
  • Led by teachers
    Training Available
Download overview

Students taking part will

  • Practice various methods of converting hourly income into weekly, fortnightly and annual income
  • Understand factors that affect net pay
  • Calculate income tax on personal income
  • Investigate KiwiSaver interest rates 
  • Calculate KiwiSaver repayments
  • Calculate student loan repayments
  • Complete a practice assessment


For access to the detailed Teaching Guide and Student Assessment for this Unit Standard, please contact us via email at:

Download includes:

  • Activity: 24697 Interactive Student Workbook