Superannuation! Take this quiz to explore and discover and learn more about Superannuation! alyssaturner112 published on October 30, 2011 Stacked 1/13 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 2/13 Where does the money that I put in my super come from? Hint: 1 choice 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 3/13 Why would it be important to make extra contributions into your super fund? Hint: 1 choice 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 4/13 How does investing I super help you keep up with inflation? Hint: 1 choice 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 5/13 Why is super so important? Hint: 1 choice 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 6/13 Low risk investments usually result in… Hint: 1 choice Higher returns Lower returns No returns 7/13 What is a super fund? Hint: 1 choice 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 8/13 What does S.M.S.F. stand for? Hint: 1 choice Simple Money Saving Fund Superannuation Management Sales Forecast Superannuation Monthly Service Fees Self-Managed Super Fund 9/13 What is the minimum percentage your employer put pay into your super fund? Hint: 1 choice 11% 9% 22% 79% 10/13 What does ATO stand for? Hint: 1 choice Australian Trade Outlet Australian Tax Office Australian Television Organization 11/13 What is a share? Hint: 1 choice Where your share your lunch with your friends A type of investment where you become part owner in a business None of the above 12/13 What is a scam? Hint: 1 choice A proposal the cheats you out of money A dishonest scheme A fraud All the above 13/13 Who can contribute to super? Only me Only my employer Only my parents Me, my employer and other within the rules
