Self employed(partially) and car insurance

111222

I setup and private limited company for software developement.I create apps fpr the google store but don't make much from the apps although I still work on them everyday, I have a few apps in the pipeline and hope they will do better on the store etc.


So being newly self employed I don't have to declare any income for 12 months.





So will I be ok with my car insurance putting down I am self employed even though I make very little at it just now. The difference between self employed and unemployed is around £200 per year.

Quentin

You look to be unemployed with a part time job

111222

What do you mean by that. Can I safely put self employed as my employment status?

Quentin

Insurers usually need your full and part time occupation

From what you said in your OP it looked like your work as a software developer is part time??

111222

Well I could argue it's full time as I work on it everyday, I am partly in the learning stages although development is a lifelong learning process. The point is that I make very little at the moment, I can either add ads to my app or or set a fixed price. Not really enough to affect my UC payments just now. So my main source of income is UC.


Now can I therefore safely say I am self employed on my car insurance application?


On the comparison insurance sites there is only the option to choose self emploted or unemployed, no hybid options etc.

Quentin

111222 wrote: »

my main source of income is UC.


Now can I therefore safely say I am self employed on my car insurance application?

.

No

You look to be unemployed!

111222

Quentin wrote: »

No

You look to be unemployed!

And is there any theory behind this, i.e offical docs?

Quentin

Well......you agree "officially" that you have told the truth when completing an application for insurance.

That makes it legal. And allows the insurer to void the policy if it's not the truth;

False declarations intended to reduce the premium is bad news when you get caught out

You aren't self employed if you are actually a director!

111222

Quentin wrote: »

Well......you agree "officially" that you have told the truth when completing an application for insurance.

That makes it legal. And allows the insurer to void the policy if it's not the truth;

False declarations intended to reduce the premium is bad news when you get caught out

The point is, what determines if your self employed or unemployed if both earning from your self employment and receiving UC at the same time.


Does the self employment have to be your main source of income etc, what are the rules.

Quentin

You will get a definitive answer to your question if you contact your insurer and explain your circs to them and see what they advise.

(Manipulation of the application to reduce the premium does cause big problems when discovered.

As you look to have been doing multiple quotes take care over this; insurers use software to spot any manipulation, and can blackmark you for doing this, which is why you should use dummy details when playing with quotes - you always confirm you have told the truth when doing quotes.)

sheramber

You are not self employed if you have set up a ltd company.

You are employed by the limited company.

Have you taken advice on your responsibilities re corporation tax/PAYE?