ISA Basics

ISA Basics

Professional Development

10 Qs

quiz-placeholder

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ISA Basics

ISA Basics

Assessment

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Professional Development

Practice Problem

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Created by

Poppy Holmes

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the interest penalty for closing a 2 Year Fixed Rate ISA early?

90 days

120 days

180 days

240 days

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the final date of the tax year?

4th April

5th April

6th April

31st December

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What's the maximum amount of interest that the personal savings allowance allow a customer to earn tax free?

None

£100

£500

£1,000

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the Junior ISA allowance?

£4,000

£9,000

£20,000

Unlimited

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In what tax year did the overall ISA allowance become £20,000?

2021/2022

2016/2017

2015/2016

2017/2018

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What forms would be required for a customer to open a cash ISA and arrange an ISA transfer in?

General Application form & ISA Transfer Authority form

ISA Application form & ISA Amalgamation/Revalidation form

ISA Application form & ISA Transfer Authority form

ISA Application form and Transfer History form

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

The two methods that an ISA can be transferred from one provider to another are manual and

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