While the link between financial capability and numeracy has been explored in numerous pieces of research, there is a dearth of studies that have explored the link between financial capability and literacy. This review pulls together the current evidence base that not only explores whether there is a link between the two but also showcases how this link can be conceptualised by focusing on skills, motivation and confidence. Overall, it suggests that there is a need to establish exactly how literacy supports financial education, and practical ways of implementing this.