
Pension Quiz
Authored by J Bennington
Business
6th Grade
Used 2+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a pension?
A way to save money for later in your life
A type of loan from the government
A form of tax relief
A type of insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main sources of pensions?
State Pension and private loans
State Pension and money from pension schemes
Private loans and employer contributions
Tax relief and insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tool can you use to get an estimate of your income when you retire?
Pension calculator
Tax relief calculator
Loan estimator
Insurance calculator
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a workplace pension?
A pension arranged by your employer where both you and your employer pay into it
A pension you arrange yourself without employer contributions
A government-funded pension
A type of insurance policy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a personal and stakeholder pension?
A private pension that you pay into, which can also be contributed to by employers
A government-funded pension
A pension only for stakeholders in a company
A type of insurance policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Additional State Pension depend on?
Your age and gender
Your National Insurance contributions
Your earnings and whether you claim certain benefits
Your marital status
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a protected payment?
Any amount over the full new State Pension that you get from your National Insurance contributions or credits from before 6 April 2016.
Any amount under the full new State Pension that you get from your National Insurance contributions or credits from before 6 April 2016.
Any amount over the full new State Pension that you get from your National Insurance contributions or credits from after 6 April 2016.
Any amount under the full new State Pension that you get from your National Insurance contributions or credits from after 6 April 2016.
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