Money quiz: UK National Insurance (easy) 🏛️

Introduction 👋

Without question, teaching young people about finance is extremely important.

Studies from The London Institute of Banking and Finance have shown that:

• 82% of young people want to learn more about money and finance in school, but very few have regular access.
•  83% of young people aged 17-18 say that cost of living increases has made them feel more worried about money 
• Only 8% of young people cite school as their main source of financial education 
• 72% of young people say they hadn’t received any information about tax in school 

However, if you’re teaching, it’s difficult to find the time to do all the research, so you can teach it!

Save yourself time by using our free interactive money quiz to teach your learners about National Insurance tax!

The quiz:

• Starts with the basics 🪜
• Includes interesting money facts and statistics 🧠
• Explains National Insurance tax in a simple and entertaining way 🤹‍♀️

This quiz can be used to:

• check learners’ understanding of national insurance🧠
• introduce the topic of national insurance 👋
• check learners’ familiarity with financial vocabulary ✅
• facilitate group discussions about money 💬

Disclaimer: This website provides information for guidance and educational purposes only. The Grown-Up School does not provide regulated financial advice. You can seek independent financial advice from a suitably qualified and regulated professional advisor. Check out our disclaimer policy for more information.

Lesson Objectives 🏆

By the end of this lesson, learners will:

• Understand the concept of National Insurance and its role in funding public services.
• Recognize key aspects of National Insurance, including payment criteria, rates, the role of HMRC, and its support for various life situations.
• Gain a basic understanding of national insurance procedures for both employment and self-employment including PAYE, self-assessment, and essential tax documents.

Learner Record Notes✍️

Once you’ve completed this quiz, you can add these notes to your records for your learners:

Today we completed an interactive quiz about National Insurance tax, where learners assessed their own understanding of National Insurance tax.

This activity supported the development of the following skills:

• Numeracy – learners developed their understanding of application of number, with quiz questions featuring percentages and financial values.
• Literacy – learners read quiz questions and answers, and were introduced to new vocabulary.
• Problem solving – learners used problem solving skills to decide between different quiz answers.
• Decision making – learners made decisions under time pressure, considering feedback from other participants.
• Working with others – learners chose answers in teams, negotiating with other participants.
• Communication skills – learners participated in group discussions about National Insurance tax.
• Digital literacy – learners completed the quiz online, using web links and participation codes. Where connection issues were experienced, learners worked to resolve them and connect to the quiz online.
• Improving own learning and performance – learners developed their confidence assessing their own understanding of a topic.

Kahoot Quiz 📱

Get the whole group playing, by completing these money quizzes as an interactive Kahoot quiz!

Just click the links below to get started.

Money quiz – UK National Insurance (easy) 🔥

Printable Quiz 🖨️

If Kahoot! isn’t your thing, here’s a printable version of the quiz!

Questions 🤔

Q1: What is tax?

1. Money that gets stolen from you
2. Money for your holidays
3. Money you pay to the government
4. Money you pay to your friends

Q2: When do you pay National Insurance tax?

1. When you earn money
2. When you buy things
3. When you own a dog
4. When you own a car

Q3: In the UK, which part of the government collects National Insurance tax?

1. National Health Service (NHS)
2. Royal Mail
3. Her Majesty’s Revenue and Customs (HMRC)
4. British Broadcasting Corporation (BBC)

Q4: What does National Insurance tax pay for?

1. Holidays
2. Sports cars for the government
3. Support for people in the UK when they become pregnant, unemployed, ill, retire, or if their partner passes away.
4. Designer trainers

Q5: How can National Insurance help you if you’re pregnant?

1. Helping you find maternity/pregnancy clothes
2. Giving you pram recommendations
3. Giving you a parenting advice book
4. Giving you maternity/pregnancy pay

Q6: How can National Insurance help you if you’ve retired from work?

1. By giving you a party when you retire
2. By giving you a holiday when you retire
3. By giving you a pet dog when you retire
4. By giving you state pension money when you retire

Q7: How many years do you have to pay National Insurance for, to get your full amount of state pension?

1. 5 years
2. 15 years
3. 25 years
4. 35 years

Q8: In 2023, how old do you have to be to claim your state pension money? (State pension age)

1. 56 years old
2. 66 years old
3. 76 years old
4. 86 years old

Q9: How can National Insurance help you if you can’t work due to illness/disability?

1. Giving you Employment and Support Allowance (ESA) or Universal Credit money
2. Giving you Enchiladas and Sausage Allowance (ESA) or Universal Credit money
3. Giving you Earrings and Scarf Allowance (ESA) or Universal Credit money
4. Giving you Elephant and Snake Allowance (ESA) or Universal Credit money

Q10: How can National Insurance help you if you’re unemployed?

1. Giving you Jacuzzi and Suncream Allowance (JSA) or Universal Credit money
2. Giving you Jam and Sandwich Allowance (JSA) or Universal Credit money
3. Giving you Job Seeker’s Allowance (JSA) or Universal Credit money
4. Giving you Jewelry and Shampoo Allowance (JSA) or Universal Credit money

Q11: At what age do you start paying National Insurance tax?

1. 13
2. 16
3. 18
4. Any age

Q12: Just before you turn 16, you get sent your own unique “National Insurance Number”, which never changes. e.g. QQ 123456 C. What is this for?

1. To give you a strange tattoo idea
2. To make you feel confused
3. To make sure your National Insurance tax payments are recorded against your name only
4. To wish you a happy birthday

Q13: In 2023 when you have a job, how much do you have to earn before you start paying National Insurance tax? (Also called Class 1 Primary Threshold)

1. £242 per week
2. £342 per week
3. £442 per week
4. £542 per week

Q14: In 2023 when you have a job, what percentage National Insurance tax do you have to pay on money you earn between £242 per week and £967 per week?

1. 2%
2. 12%
3. 22%
4. 32%

Q15: In 2023 when you have a job, what percentage National Insurance tax do you have to pay on money you earn over £967 per week? (Called Class 1 upper earnings limit)

1. 2%
2. 12%
3. 22%
4. 32%

Q16: In 2023 in the UK, what is the average amount of money earned each year by 18-21 year olds? (Before tax)

1. £10,888
2. £20,888
3. £30,888
4. £40,888

Q17: If you get a job, how do you usually pay your National Insurance tax?

1. Monthly bills from your account
2. Send money in the post
3. Credit card
4. Your employer does it for you

Q18: What is it called when your employer pays your National Insurance tax for you?

1. Pay-As-You-Count (PAYC)
2. Pay-As-You-Earn (PAYE)
3. Pay-As-You-Cry (PAYC)
4. Pay-As-You-Eat (PAYE)

Q19: How does your employer tell you how much tax they’ve sent to the government for you?

1. They don’t tell you
2. They give you a pat on the back
3. They give you a payslip
4. They steal your tax money

Q20: When you quit your job, your employer will give you a document called a P45. What is this for?

1. To ignore it and lose it in your messy bedroom
2. To give to your new employer and show how much tax they’ve paid
3. To make you feel confused about taxes
4. To make you feel sad about quitting

Q21: How do you pay your National Insurance tax if you’re self-employed or run a business?

1. You don’t have to pay
2. Send by carrier pigeon
3. Fill in a form called a self-assessment
4. Fill in a form called a tax selfie

Q22: How often do you have to fill in a self-assessment tax return?

1. Every day
2. Every week
3. Every month
4. Every year

Q23: What can happen if you don’t pay the right amount of National Insurance tax?

1. Nothing
2. You could get a free holiday
3. You could get fined – it’s illegal!
4. You could get a puppy

Q24: On top of getting fined, something else can happen if you don’t pay your National Insurance tax. What is it?

1. Your friends will laugh at you
2. You’ll have to eat 50 doughnuts
3. You might not be eligible to receive national insurance help e.g. state pension, maternity pay
4. You’ll have to fight a tax person in a boxing ring

Q25: When you pay your National Insurance tax, you have to pay based on what you earn between April to March instead of January to December.

What is the special name for the year running April to March?

1. The tax day
2. The tax month
3. The tax year
4. The tax haven

Q26: In 2023, how much money do you have to earn from a side hustle, before you need to pay National Insurance tax? (in profit – known as Class 2 tax)

1. £675 per year
2. £6,475 per year
3. £16,475 per year
4. £64,750 per year

Q27: Why do you have to be really good at saving money if you’re self-employed/run a business?

1. Sports cars are expensive
2. To pay for fancy restaurants
3. To go on lots of holidays with all your free time
4. You have to remember to set money aside to pay taxes

Answers ✅

• Q1: Answer 3 – National Insurance is money you pay to the government. It helps fund important services and benefits.
• Q2: Answer 1 – You pay National Insurance tax when you earn money from work.
• Q3: Answer 3 – Her Majesty’s Revenue and Customs (HMRC) is the part of the government that collects National Insurance tax.
• Q4: Answer 3 – National Insurance tax pays for support when people become pregnant, unemployed, ill, retire, or if their partner passes away.
• Q5: Answer 4 – National Insurance can give you maternity/pregnancy pay when you’re pregnant.
• Q6: Answer 4 – National Insurance helps you by giving you state pension money when you retire.
• Q7: Answer 4 – You need to pay National Insurance for 35 years to get the full amount of state pension.
• Q8: Answer 2 – State pension age is 66 years old in 2023.
• Q9: Answer 1 – If you can’t work due to illness or disability, National Insurance can give you Employment and Support Allowance (ESA) or Universal Credit money.
• Q10: Answer 3 – If you’re unemployed, National Insurance can give you Job Seeker’s Allowance (JSA) or Universal Credit money.
• Q11: Answer 2 – You start paying National Insurance tax from the age of 16.
• Q12: Answer 3 – Your unique National Insurance Number is given to you just before you turn 16. It helps keep track of your National Insurance tax payments.
• Q13: Answer 1 – In 2023, you need to earn £242 per week before paying National Insurance tax.
• Q14: Answer 2 – When you have a job, on money you earn between £242 and £967 per week, you pay 12% National Insurance tax.
• Q15: Answer 1- When you have a job, on money you earn over £967 per week, you pay 2% National Insurance tax.
• Q16: Answer 2 – On average, 18-21 year olds in the UK earn £20,888 per year before tax.
• Q17: Answer 4 – If you have a job, your employer usually takes and pays your National Insurance money for you.
• Q18: Answer 2 – Pay-As-You-Earn (PAYE) is when your employer handles your National Insurance tax.
• Q19: Answer 3 – Your employer gives you a payslip showing how much tax they paid for you.
• Q20: Answer 2 – When you leave a job, your P45 helps your new employer understand your tax situation.
• Q21: Answer 3 – If you’re self-employed or run a business, you fill out a self-assessment form to pay National Insurance tax.
• Q22: Answer 4 – If you’re self-employed or run a business, you usually have to do a self-assessment tax return every year.
• Q23: Answer 3 – Not paying the right tax could lead to fines – it’s against the law!
• Q24: Answer 3 – If you don’t pay National Insurance Tax, you might not be eligible to receive national insurance help e.g. state pension, maternity pay
• Q25: Answer 3 – National Insurance tax is based on what you earn between April to March, known as the tax year.
• Q26: Answer 2 – In 2023, you can earn up to £6,475 per year from a side hustle before paying Class 2 National Insurance tax.
• Q27: Answer 4 – If you’re self-employed, remember to save money for taxes, as you’re responsible for paying them.

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