How much do you know about money? Most people think they have a sound financial knowledge, but when asked about specifics it's shocking how many people are wrong about basic truths.
Almost three in four people had the wrong idea about student loans, more than two in three didn't know which bits of restaurant bills they had to pay and the majority got major facts about pensions and life insurance incorrect when asked specific questions by deals site .
"I have to say that I am worried about the number of Britons who have financial misconceptions. These are very basic points that our respondents have got wrong, which could ultimately cost them,” said VoucherCodesPro founder Nick Swan.
So how did you do? Well, you don't have to pay restaurant service charges – whether they're on the bill or not. That's something 67% of people don't know. Or you could pay nothing, with .
Life insurance isn't compulsory, either for all adults or for taking out a mortgage, which 51% of people didn't know.
You don't need to have a credit card either, although they can be incredibly useful for or even .
On the subject of credit reports – having a student loan doesn't affect them. Here are .
You can take a pension out at any age – in fact – they're not restricted to over-30s.
Oh, and in case you weren't sure, you can use a debit card at any banks' cash machine to take out money, check your balance and more.
Just .