| What to create | Quiz |
| Which subject | No subject |
| What age group | Year or Grade 9 |
| What topic | KiwiSaver |
| Question types | Mixed |
| Number of questions | 15 |
| Number of answers | 4 |
| Correct answers | Exactly 1 |
| Show correct answers | |
| Use images (descriptions) | |
| Any other preferences |
Welcome to the KiwiSaver Quiz! This quiz will test your knowledge about KiwiSaver, a retirement savings scheme in New Zealand. Make sure to read each question carefully and choose the best answer where applicable.
What is KiwiSaver?
A. A type of insurance
B. A retirement savings scheme
C. A tax system
D. A government grant
What is the minimum contribution rate for employees in KiwiSaver as of 2023?
Which of the following entities manages KiwiSaver schemes?
A. High-street banks only
B. Non-profit organizations only
C. Fund managers
D. The government
At what age can you generally access your KiwiSaver savings for retirement?
A. 60 years
B. 65 years
C. 70 years
D. 55 years
What is the government contribution to KiwiSaver called?
A. Tax rebate
B. Annual kickstart
C. Member tax credit
D. None of the above
What is the purpose of the "HomeStart Grant" related to KiwiSaver?
Which of the following is NOT a reason you can withdraw funds from your KiwiSaver account?
A. Buying your first home
B. Moving overseas
C. Paying for a holiday
D. Serious illness
How much can the government contribute to your KiwiSaver annually as of 2023?
A. $100
B. $500
C. $1,000
D. $1,500
Who is automatically enrolled in KiwiSaver when they start working?
A. Only full-time workers
B. All employees aged 18 and over
C. Students only
D. Self-employed individuals
What is the benefit of starting to save in KiwiSaver early?
Which of the following is a feature of a KiwiSaver scheme?
A. You can choose your investment strategy
B. Contributions are mandatory for all New Zealanders
C. You cannot change providers
D. All funds are guaranteed by the government
What happens to your KiwiSaver savings if you do not choose a scheme?
A. They are automatically allocated to the Government's scheme
B. They remain unmanaged
C. They go to the highest-performing scheme
D. You won’t accumulate any savings
Why might a person opt-out of KiwiSaver?
A. They are self-employed
B. They don’t intend to settle in New Zealand
C. They already have a pension plan
D. All of the above
Which of the following can you not use your KiwiSaver savings for?
A. Paying for tertiary education
B. Renovating your home
C. First home purchase
D. Buying a vehicle
What is one of the primary risks associated with investing in KiwiSaver?
Thank you for completing the KiwiSaver Quiz! Be sure to review your answers and see how much you have learned about this important savings scheme. Good luck!