Prime Minister David Cameron has confirmed that financial education will become compulsory from September 2014.
It will be included in the citizenship curriculum for all secondary school children aged 11 and over.
The Government first confirmed plans back in February to offer financial education to pupils in Key Stage 3 and 4.
This followed work by the Personal Financial Education Group (pfeg) and MoneySavingExpert.com founder Martin Lewis.
Pfeg has since been working with the Department for Education to devise a new curriculum. This will include:
Key Stage 3

• Functions and uses of money
• Personal budgeting
• Managing risk
• Renewed emphasis on maths skills 

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Key Stage 4

• Income and expenditure
• Credit and debt
• Insurance
• Savings
• Pensions

Tracey Bleakley, chief executive of pfeg, said: "We are delighted to see greater prominence given to teaching children and young people about money in the new curriculum.
"We are delighted that the Department for Education have worked with us on this; in particular we welcome the inclusion of pfeg's recommendations to incorporate 'risk management' in citizenship at key stage 3 and 'income and expenditure, credit and debt and insurance, savings and pension' at key stage 4."
The curriculum is open for consultation until 8 August 2013.

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