Y8 PSHE Finance

What is insurance?

• A type of bank account.

• A way to protect yourself from losing money if something bad happens, like an accident or theft.

• A law about paying tax.

• A type of loan you must pay back.

What is a premium in insurance?

• The amount of money the insurance company gives you when something goes wrong.

• The amount of money you pay regularly to have insurance.

• The amount of money you pay in taxes.

• The interest rate on a loan.

Which of the following is NOT a type of insurance?

• Car insurance

• Health insurance

• Supermarket insurance

• Pet insurance

Why do people pay taxes?

• To keep the government rich.

• To help pay for public services like schools, hospitals, and roads.

• To earn money from the government.

• To avoid buying insurance.

What is income tax?

• A tax on the things you buy, like clothes and food.

• A tax on the money you earn from working.

• A tax you pay when you travel.

• A tax on owning a house.

Which of these is an example of a scam?

• A store offering discounts on sale items.

• Someone asking for your personal details and promising you a prize you didn't know about.

• An official email from your school.

• A message from your bank asking you to change your password on their website.

What should you do if you receive a suspicious email or message asking for your personal details?

• Reply immediately with your information.

• Ignore it, delete it, and report it as a scam.

• Share it with your friends.

• Visit the website mentioned in the message to check if it's real.

What is a phishing scam?

• A fake website selling clothes.

• A scam where someone pretends to be from a trusted company to steal your personal information.

• A type of tax.

• A way to protect your money.

What is National Insurance used for in the UK?

• It helps pay for things like your state pension, healthcare, and unemployment benefits.

• It is used to repair damaged cars.

• It helps pay for holidays.

• It’s a tax on shopping.

What is one way to protect yourself from online scams?

• Use strong, unique passwords for each account

• Share your passwords with friends

• Ignore security updates

• Click on unknown links