A question of money to test you

Money Matters Quiz

The BBC's Money Matters Roadshow is visiting Glasgow to find out how people are coping in the recession. So how closely have you been watching the pennies? Find out how much you know about how personal finances work.

1.) Question 1

The Isa limit was raised for savers aged 50 and over on 6 October. What is the new total amount that can be saved in a tax-free Isa each year for those 50 and over?

£1,000
£7,200
£10,200
£5,100

2.) Question 2

How much does a house have to cost this year before stamp duty has to be paid?

£175,000
£250,000
£125,000
£150,000

3.) Question 3

According to the government's Actuary's Department, how many people of working age will there be per state pensioner in the UK in 2060?

11
4.10
3.32
2.44

4.) Question 4

How much was the total amount of outstanding personal debt in the UK by August 2009, according to the Bank of England?

£1.457 trillion
£1.321 trillion
£1.959 trillion
£10

5.) Question 5

How many days' notice should an expectant mother give her employer of the date she wants her maternity leave to begin?

6.) Question 6

If you have savings in a bank which is regulated by the Financial Services Authority, to what level are your savings guaranteed if the bank goes bust?

Unlimited guarantee
£50,000
No guarantee
£35,000

7.) Question 7

What was the subject of the most consumer complaints in the first six months of 2009, according to Consumer Direct?

Laptop computers
Televisions
Mobile phone service agreements
Secondhand cars from independent traders

8.) Question 8

What will be the next deadline for submitting your self-assessment tax forms online to HM Revenue and Customs?

31 January 2010
31 October 2009
1 January 2010
1 April 2010

Answers

It is £10,200. This will also be the new limit for all other savers from April 2010. Up to half can be saved in cash with the rest, or indeed all, being in stocks and shares.
It is £175,000 when the 1% rate kicks in. However, the current stamp duty "holiday" will finish at the end of 2009, when the threshold will revert to £125,000.
It will be 2.44. This ratio will have changed from 3.32 in 2001, according to the Actuary's Department.
It is £1.457 trillion. In July, personal debt dipped for the first time since records began in 1993, but it rose again in August.
It is 28 days. Mothers, fathers, the main carer in a same-sex relationship, and people who adopt, all have rights when children arrive.
In simple terms, the system covers £50,000 of savings per person in any UK bank, building society or credit union.
It was secondhand cars from independent traders. In total, the advice line received 414,000 consumer complaints in the first six months of the year.
It is 31 January 2010, and there is a fine if you miss it. For paper returns, the deadline is 31 October.

Your Score

0 - 2 : Lost interest?

3 - 6 : Breaking even

7 - 8 : A head for figures

Want to boost your money skills? Try BBC raw: Money skills