Personal Finance Quiz: How Money-Savvy Are You?
Budgeting, savings, ISAs, pensions — could you pass the UK financial literacy test?
1. What is the annual ISA allowance for UK adults in the 2025/26 tax year?
2. At what age can you currently access your workplace pension pot in the UK?
3. Which of these is NOT a type of ISA available to UK adults?
4. What is the standard rate of Capital Gains Tax on gains from selling shares for a basic-rate taxpayer (2024/25)?
5. The '50/30/20' budgeting rule splits your take-home pay into needs, wants, and savings. What percentage goes to savings?
6. How much of your savings per authorised bank or building society is protected by the FSCS (Financial Services Compensation Scheme)?
7. What does 'APR' stand for when comparing credit cards and loans?
8. The UK state pension age is currently 66 for both men and women. What age is it planned to rise to by 2046?
9. If you invest £1,000 at a 5% annual compound interest rate, approximately how much will you have after 10 years?
10. What is the maximum annual bonus the government adds to a Lifetime ISA (LISA)?
11. Which credit reference agency is NOT one of the three main agencies used in the UK?
12. Under auto-enrolment rules, what is the minimum total pension contribution (employer plus employee) as a percentage of qualifying earnings?