Superannuation!

Superannuation!

Take this quiz to explore and discover and learn more about Superannuation!

published on October 30, 201139 responses 1 3.0★ / 5

Why is it important to start putting money into your super fund as early as possible?

It’s compulsory
It’s not important because I don’t want to retire
The earlier I start, the more the put in, the greater the return when I retire
It’s best to do it in the morning, because then you are more focused, I get too tired in the afternoon

Where does the money that I put in my super come from?

Select the one correct answers
My pocket money from my parents
The government gives it to us
It’s money my employer takes away from me
It’s a certain parentage of my over all earnings that my employer must pay into my super fund

Why would it be important to make extra contributions into your super fund?

Select the one correct answers
The more money I have in my super fund, the more it will grow
So I can start saving for my first house
To reduce my super balance
To pay the kid’s school fees

How does investing I super help you keep up with inflation?

Select the one correct answers
It doesn’t, that’s why it’s better to keep your money under the mattress
Because it allows me to choose how much interest I want
My super returns will most likely grow at a greater rate then prices
By keeping my money in foreign currencies

Why is super so important?

Select the one correct answers
It’s a tax effective way of saving money for retirement over a long period of time
It’s a good way of saving for the future and the rising costs of living
It’s a good habit t start saving from a young age, and to take responsibility of my own financial security
It’s important for all the above

Low risk investments usually result in…

Select the one correct answers
Higher returns
Lower returns
No returns

What is a super fund?

Select the one correct answers
Another term for the word “bank”
The bank all the super hero’s use
Super is a long term savings for when you retire
None of the above

What does S.M.S.F. stand for?

Select the one correct answers
Simple Money Saving Fund
Superannuation Management Sales Forecast
Superannuation Monthly Service Fees
Self-Managed Super Fund

What is the minimum percentage your employer put pay into your super fund?

Select the one correct answers
11%
9%
22%
79%

What does ATO stand for?

Select the one correct answers
Australian Trade Outlet
Australian Tax Office
Australian Television Organization

What is a share?

Select the one correct answers
Where your share your lunch with your friends
A type of investment where you become part owner in a business
None of the above

What is a scam?

Select the one correct answers
A proposal the cheats you out of money
A dishonest scheme
A fraud
All the above

Who can contribute to super?

 
Only me
Only my employer
Only my parents
Me, my employer and other within the rules