DWI CPD Test: CPD Course - Dentists Who Invest

1. What is a major difference between an ISA and a pension?

ISAs provide tax relief on contributions

Pensions can only be accessed after a certain age

Pensions offer no tax benefits

ISAs require employer contributions

2. Why is it important to stay updated on pension and ISA rules?

Rules may change and impact tax benefits

It helps predict stock market movements

It guarantees higher returns

It ensures all savings are tax-free

3. What happens to money within an ISA or pension while invested?

It is subject to annual tax deductions

It is taxed at a lower rate

It grows tax-free

It earns fixed interest

4. What is the main purpose of a pension?

Saving for a new home

A short-term investment plan

A long-term savings vehicle for later life

Reducing current income tax only

5. What does ISA stand for?

Investment Savings Account

Individual Savings Account

International Savings Account

Independent Savings Account