The best financial advice for every stage of your child’s life

The best financial advice for every stage of your child’s life

12th Grade

10 Qs

quiz-placeholder

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 The best financial advice for every stage of your child’s life

The best financial advice for every stage of your child’s life

Assessment

Quiz

Education

12th Grade

Hard

Created by

Emily JONES

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cost of providing a minimum standard of living for a couple until their child turns 18?

£160,000

£210,000

£34,600

£45,600

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cost of providing a minimum standard of living for a lone parent until their child turns 18?

£160,000

£210,000

£34,600

£45,600

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended age to start saving for your child?

When they turn 10

When they turn 16

When they turn 18

When they are born

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount that can be saved per tax year in a Junior Isa?

£5,000

£9,000

£15,000

£20,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of Junior Isa is recommended for long-term investment?

Cash Junior Isa

Stocks and Shares Junior Isa

Both are equally recommended

Neither is recommended

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential nest-egg amount after 18 years of saving £50 per month in a stocks and shares Junior Isa with 5% annual growth?

£17,500

£34,600

£62,470

£67.5m

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average loan debt forecast for students who started their course in 2022-23?

£149.80

£45,600

£62,470

£67.5m

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