Unit 1, Topic 9

Question 1

Following someone’s death, the right to make a cash additional permitted subscription lasts for the later of 180 days or what length of time from the date of death?
A) 6 months
B) 12 months
C) 2 years
D) 3 years

Answer 1

D) 3 years

Question 2

In the current tax year, Jane invested £10,000 into a stocks and shares ISA that does not offer a flexible investment facility. Later in the current tax year, she withdrew £1,760. Given an annual ISA investment limit of £20,000, how much would Jane be able to pay into ISA’s during the remainder of the current tax year?
A) £10,000
B) £12,240
C) Nil
D) £20,000

Answer 2

A) £10,000

Question 3

Existing Help-to-Buy ISA customers can continue saving up to £200 per month until:
A) 30th November 2021
B) 30th November 2024
C) 30th November 2026
D) 30th November 2029

Answer 3

D) 30th November 2029

Question 4

An investor can purchase their annual ISA investment limit by taking out a Lifetime ISA, a Help-to-Buy ISA and a standard ISA. True or False

Answer 4

False

Question 5

Aaron, aged 12, has a Child Trust Fund. His mother wants to open a Junior ISA for him instead, but she is unable to transfer the Child Trust Fund into a Junior ISA and Aaron cannot hold both types of account? True or False

Answer 5

False