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WorksheetsHow well do you know your finances?
Total questions: 20
Worksheet time: 3mins
How much was Sally paid this month before any tax or deductions were taken?
£2700
£1950.88
£2000
If you are on a 'standard personal allowance' how much can you earn before you pay tax?
£0 you may tax on everything
£12,500
£50,000
What does it mean if your tax code has ‘W1’, ‘M1’ or ‘X’?
You work part time
It's about where you live
You are being emergency taxed
Which of these bills should be your main priority?
Council tax
TV and internet
Credit card
Mobile phone bill
How long can an unpaid bill affect your credit rating?
4 years
5 years
6 years
Which of these could affect your chance of getting a mobile phone contract?
Living in a council estate
Never having borrowed before
Your parents having bad credit
How can you improve your credit rating?
Get on the electoral register
Having an unused credit card
Moving house a lot
Which of these is not a type of mortgage?
Fixed rate
Offset
Live Market
Standard Variable Rate
What is the maximum state pension available from April 2019?
£168.60 per week
£205.65 per week
£248.40 per week
Which of these generally charges the highest interest rates?
Unsecured personal loans
Pay day loans
Credit cards
According to ARLA how much will you spend on rent before you buy?
£35,000
£53,000
£64,000
What is the average level of debt for a third of 16-24 year olds?
£849
£1651
£2253
£2989
What is the average monthly cost of living in the UK for a student?
£751
£807
£875
What was the average salary in the UK in 2019?
£34,201
£35,786
£36,611
£37,989
How much interest and fees does a cash withdrawal cost with a credit card (on average)?
Interest 26% & cash advance fee 3% of the amount withdrawn
Interest 33% & cash advance fee 10% of the amount withdrawn
Interest 18% & no cash advance fee
What was the average credit card interest rate in the UK in Sept 2019?
18.9% APR
22.9% APR
24.7% APR
What was the average credit card debt per household in the UK in February 2019?
£2649
£2953
£3565
How long would it take to pay off average credit card debt if you were making only the minimum payment per month?
5 years and 4 months
26 years and 7 months
12 years and 3 months
18 years ad 5 months
Which of the following is not a change happening to overdrafts from April 2020
The same interest rate for arranged and unarranged overdrafts.
No daily or monthly fees for using your overdraft.
Increased penalties for going into an unarranged overdraft
Which is better for a saver - an account which calculates interest daily, monthly or yearly?
Daily
Monthly
Yearly
