This new research study: the 2016 UK Children and Young People’s Financial Capability Survey, is the first of its kind: a nationally representative survey of the financial knowledge, attitudes and behaviours of 4- to 17-year-olds and their parents, living in the UK. A total of 4,958 children and young people aged 4–17, and their parents, were interviewed as part of this research. This report presents an initial analysis of the findings of this new survey and covers: ■ how children get money ■ how children spend and save money ■ children’s attitudes to spending, saving and debt ■ children’s confidence about managing their money ■ children’s understanding of the value of money and the need to make trade-offs ■ children’s knowledge and education about financial products, concepts, and terminology ■ parents’ beliefs and attitudes towards their own financial capability and the skills, abilities and attitudes of their children.