Common Financial Tool (CFT) - guidance, legislation and analysis

The use of a single Common Financial Tool (CFT) to assess household income and expenditure is being introduced across all statutory debt solutions in Scotland from 1 April 2015.

Guidance on the use of the tool has been developed by the Common Financial Tool Working Group comprising of representation from AiB, Citizens Advice Scotland, Money Advice Trust, Money Advice Service, IP Recognised Professional Bodies, StepChange, Creditor Organisations and the Association of British Credit Unions.

Common Financial Tool (CFT)

Common Financial Tool Notes for Guidance (Revised September 2022)

Common Financial Tool training system

Common Financial Tool etc. (Scotland) Amendment Regulations 2015

Common Financial Tool etc. (Scotland) Regulations 2014

Comparing the Common Financial Tool and the Standard Financial Statement

Common Financial Tool Notes for Guidance (Revised December 2020)

Common Financial Tool Notes for Guidance  (Revised April 2019 version)

Common Financial Tool Notes for Guidance  (Revised August 2018 version)

Common Financial Tool Notes for Guidance  (Revised November 2016 version)

Common Financial Tool Notes for Guidance  (April 2015 version)