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This is Money
Created by This is Money
On Jan 3, 2018
1 / 22

Who said this? 'Pennies don’t fall from heaven, they have to be earned here on earth'

2 / 22

What is the rate of Value Added Tax (VAT) in the UK in 2017?

3 / 22

What is the personal tax allowance, ie how much money can you earn before you have to pay taxes, for the 2017/2018 UK tax year?

4 / 22

At what age do you receive a National Insurance number?

5 / 22

How much can you save in all Isas combined each year?

6 / 22

What is the maximum annual tuition fee charged to students by British and Welsh universities?

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Who gave this advice to their children? 'Being in a position where they live such a privileged life it is important that they appreciate how their parents have worked very hard to create this life for the family, and that they too have a responsibility to work hard, be respectful and never, ever take anything for granted'

8 / 22

What is the total amount of money you can have on deposit in a bank which the UK government will guarantee will be protected if the bank goes bankrupt?

9 / 22

What is the national hourly minimum wage in 2017 for an 18-20 year old?

10 / 22

What is the amount of annual pay an employee over the age of 22 must earn before being auto-enrolled in a company pension scheme?

11 / 22

How much is each individual allowed to earn on gains from the purchase and subsequent sale of investment assets before Capital Gains Tax becomes payable?

12 / 22

If you earn between £155 and £827 a week what percentage of your gross pay is withheld by the government to cover your National Insurance (NI) contribution?

13 / 22

What is the maximum current interest rate that is charged on a student loan from the moment the loan is drawn?

14 / 22

The Lifetime Isa (Lisa) was launched on 6 April 2017 and enables those over the age of 18 to put an annual sum of money in an Isa and receive a 25% bonus tax-free at the end of the year. What is the maximum annual amount permitted in a Lisa?

15 / 22

Which of the following statements about bank interest rates is most likely to be true?

16 / 22

How much interest can you earn on your savings without paying tax if you are a basic rate taxpayer

17 / 22

If you invest money in shares/equities what is the maximum amount of dividends that the UK government allows you to earn without paying taxes?

18 / 22

How much is the maximum new state pension per annum that someone aged 69 next month will receive?

19 / 22

What is the effective highest rate of marginal income tax in England ?

20 / 22

A person earning about the average salary of £31,000 would pay £3,900 in income tax. How much income tax would someone who earns four times the average salary pay, i.e. £124,000?

21 / 22

What’s the maximum interest you can earn in an ordinary bank account without paying tax

22 / 22

You are in the supermarket and vaguely notice it is advertising 'Spends of £50 or more receive £5 off today’s shop'. But it’s the end of the month and you have only £46 in cash to spend. After shopping, you wait at the checkout where a display announces a special offer on a branded two-litre bottle of lemonade and lime. The offer is a BOGOF 'buy one, get one free', the price is £2 a bottle, and without thinking you put two in your basket. However, at the till you are embarrassed when the total comes to exactly £48. What is your best option?

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