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Superannuation Quiz

Authored by Chelsea McDonald

Social Studies

10th Grade

Used 1+ times

Superannuation Quiz
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the superannuation system?

To help you save money for retirement

To increase your monthly salary

To pay for health insurance

To cover daily expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the increase in superannuation percentage from before 1 July 2024?

0.5%

1%

1.5%

2%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the legal requirement for employers regarding superannuation?

Optional contribution

Mandatory contribution

No contribution

Contribution only upon request

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of superannuation for employees?

Immediate cash bonus

Long-term savings for retirement

Tax reduction

Health insurance coverage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much tax do you pay on the money that goes into your super fund?

10%

15%

20%

25%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the government do to ensure you save for retirement?

Offers tax incentives

Orders your boss to skim a percentage of your wage

Provides free financial advice

Matches your contributions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if you do not have a super account when you start a job?

You will not be hired

You will be nominated with one

You will receive a bonus

You will be fined

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