Paul Richardson

Yes you can - you need to contact your insurer or financial adviser and they will send you the forms, it is quite simple but make sure you get advice before you sign anything

seek out an insurance specialist and not someone who just uses quoting software. Make sure they have tried to fully understand your circumstances both now and in the future and recommended the plan (not just the cheapest) for you.

Most life assurance companies ask the question about smoking and to qualify for a non smoker rates you must NOT have smoked for a minimum of 12 months - failure to do this will result in the contract being void for non disclosure and they will not pay out.

Life assurance companies do not set premiums on the amount you smoke only the fact that you smoke.

I hope that helps?

You can get policies to cover all periods, whether they are cost effective for shorter terms is debatable and you will have to show insurable interest. I have known policies to be as short for 12 months but these policies have certain conditions and certainly don't come cheap !

Paul is right in his assertion that you are a limited company director.

the reason for this is that the limited company rules mean that you and the company are separate legal entities (hence the limited liability status) and so when determining taxation, your gross profit after all allowable costs will then be liable to corporation tax.

you will then declare a dividend from your profits and the corporation tax paid will satisfy your personal income tax liablility at the basic rate. if your dividend income, when added to all other income, takes you into the higher or additional rates of income tax you will then pay the additional amount of tax due so that you have paid the correct amount of tax.

the notional higher rate when you have dividends is 32.5% and 42.5% for the additional rate which broadly equates to the 40% and 50% standard income tax rates.

you can of course reduce your liabilities across the board and still benefit by making an employers pension contribution to you as an employee as this is treated as a business expense and will therefore be exempt from corporation tax.

feel free to get in touch if you want to talk this through more.

if however, you are not a limited company but instead in a partnership or sole trader, you and the company are regarded as the same entity and therefore corporation tax isnt due only income tax and class II and IV national insurance.

there are many ways to legitimately reduce your tax burden without leaving you worse off, i have been able to successfully improve my clients' financial position after carefully analysing their needs and structuring their income to give them what they need for now and still plan for later.

it can be a complex matter and not easy to try and cover off in this type of forum but hopefully these initial answers will give you the incentive to look at your position in more detail.

The things you can do to drive down costs are:
Drive in a car, such as a Fiat Panda, Ka or similar as opposed to an Aston Martin. A useful site is http://www.ukwebstart.com/listcarinsurance.html

The area you live in does have an effect, so living in a quaint village would be a lot cheaper than living in the Isle of Dogs, London.

Like Paul has mentioned, your sex, the type of use for your car (social domestic, pleasure or do you use it for business use)

Some insurers discount your insurance via the Pass Plus course

Yes there is .....

' if it looks to good to be true .... it normally is .... !!'

I would always questions people motivations on get rich quick schemes .... if they are so good why does everyone want to tell the world about these??