Financial Quiz Take our financial quiz to see what you know and what you don’t when it comes to your money. There’s only 8 quick questions which won’t take long and you may learn something new along the way that will help you Be Money Smart. Give it a g

Perennial's Quick Financial Quiz

There's only 8 questions so it won't take long and you may learn something new to help you Be Money Smart.

Quick answers will be given as you progress, but for fuller explanations

you'll be able to download our cheat-sheet pdf at the end.

This quiz is powered by Quizmaker.

1 - What do the initials APR stand for when we talk about money?

Average Profit Ratio

Annual Percentage Rate

Automatically Pro-Rata'd

Annual Profit Reserved

2 - From what age can you currently begin to claim a state pension?

3 - When you apply for a credit card the lender will want to check your credit score.

Do you know which of the following will affect your score? (Select 4 answers)

4 - Many people worry about having to pay Inheritance Tax (IHT), but do they need to?

What % of people in the UK do you think will actually have their estate affected by this when they die?

10%

19%

31%

5 - When buying a first home, most people will need a 10% deposit before they can apply for a mortgage.

What do you think is the average amount of money people will currently need for this?

£11,456

£16,897

£21,101

£24,000

6 - Why could an Individual Savings Account (ISA) benefit you more than a standard savings account? (Select 2 answers)

Up to £20,000 p/a can be saved tax free into either a cash or a stocks & shares ISA

Any money in an ISA cannot be claimed if you end up in debt

ISAs can be moved from bank to bank to secure the best rates

ISA savings rates are much higher than other savings options

ISAs are protected should anything happen to your bank

You can pay into several different ISAs at a time to spread your money around

7 - True or False. The new tax year starts on 1st April every single year?

True

False

8 - Unfortunately, there are always costs to cover when someone passes away so its always good to plan ahead.

Do you know the average cost of a funeral in the UK?

£1,568

£2,413

£3,953

£5,471

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