Bath Building Society hosted a financial education workshop at the Somerset Studio School. The workshop covered saving, investing and tax, which included asking the Year 10’s to think about the difference between saving and investing, the ways available to them to save money and a detailed session on the different forms of tax in the UK.
The students learnt that the average wage earner will pay £1m in tax over their lifetime and that even if you are a three year old Tiktok star you still need to pay tax on your earnings!
To provide the workshops, the Society partners with WizeUp Financial Education, a charity dedicated to equipping young people with essential financial skills for adult life. In 2024, the Society – through WizeUp – taught 1,524 students, over 2,777 hours in 55 workshops.
Richard Ingle, Chief Executive Officer at the Society, said, “We’re proud to support the local community delivering financial education workshops to local schools and sixth forms, with thousands of local students benefiting from the programme each year.
“We work with the schools to tailor content to individual needs including separate sessions for parents to help them navigate University finance.
“Our schools need more support to deliver financial education which isn’t currently adequately provided through the national curriculum.”
