Support Individuals to Manage their Finances

Unit ID:
CCY351
Unit Code:
PT13CY040
Level:
Three
Credit Value:
3
Sector:
1.3
LDCS:
PT1
GLH:
20
Last registration date:
31/08/2019
Lower age restriction:
16
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Purpose and Aim

This unit is aimed at those working in a wide range of settings. It provides the learner with the knowledge and skills required to support individuals to manage and review their financial affairs, in accordance with their needs and preferences.

Learning Outcomes

The learner will

Assessment Criteria

The learner can
1. Know how to access information and advice about financial affairs.
1.1Identify sources of information and advice about methods and services for managing personal finances.
1.2Identify sources of information and advice about benefits and allowances.
1.3Describe the role of others who may be involved in supporting individuals to manage their own finances.
1.4Describe how and when to access specialist expertise about managing financial affairs.
1.5Explain how to access advice on safeguarding against financial abuse.
2. Be able to provide support for individuals to manage their finances.
2.1Identify legislation, codes of practice and agreed ways of working that apply when providing support to manage financial affairs.
2.2Work with the individual to identify the skills they have for managing their own finances.
2.3Identify an individual’s preferred methods and services for managing their finances.
2.4Provide support for managing finances in a way that promotes active participation and safeguards the individual.
2.5 Contribute to records and reports about finances in line with agreed ways of working.
3. Be able to contribute to applying for financial assistance.
3.1Provide support for an individual to check the benefits and allowances to which they are entitled.
3.2Contribute to completing forms and paperwork to apply for benefits or entitlements in a way that promotes active participation.
4. Be able to contribute to reviewing support for managing finances.
4.1Agree with the individual the process and criteria for measuring the effectiveness of methods, services and support for managing finances.
4.2Work with the individual to evaluate methods, services and support for managing finances.
4.3Agree with the individual any changes to methods, services and support for managing finances.
4.4Provide feedback to an organisation or agency about the effectiveness of financial information or support.
4.5Explain the importance of providing feedback to organisations or agencies about any shortfalls in their financial services or support.

Assessment Methods:

There are no prescribed assessment methods for this unit. Assessments used should be fit for purpose for the unit and learners, and generate evidence of achievement for all the assessment criteria.

Assessment Information:

There is no specific assessment information to be used with this unit.

If not specifically stated in the assessment information, a plural statement in any assessment criterion means a minimum of two.

Other Mappings:

Mapping to National Occupational Standards (NOS) and the Knowledge and Skills Framework(KSF) for the NHS.

NOS ref: HSC 345

Assessor Requirements:

This unit must be assessed in accordance with Skills for Care & Development’s QCF Assessment Principles.
Learning outcomes 2, 3 and 4 must be assessed in a real work environment.

Additional information:
Methods and services for managing personal finances may include those for:
• budgeting
• tracking income and expenditure
• making payments
• keeping money safely
• managing debts
• keeping financial records

Agreed ways of working will include policies and procedures where these exist and will indicate where others need to be involved

An individual is someone requiring care or support

Others may include:
• family
• friends
• advocates
• professionals
• others who are important to the individual’s wellbeing

Active participation is a way of working that recognises an individual’s right to participate in the activities and relationships of everyday life as independently as possible; the individual is regarded as an active partner in their own care or support, rather than a passive recipient