Ask The Experts

Q: Alliance & Leicester provides my mortgage and home insurancebut will not cover my engagement ring, which is worth GBP1,875. Arethere companies that will insure it until my present policy is duefor renewal and I can find something more comprehensive? A: PeterStaddon at the British Insurance Brokers Association (BIBA) says: Thedeal you have from Alliance & Leicester is almost certainly a packageprovided for A&L by an insurer, the terms of which cannot be varied.

So if it does not cover individual items of high value, there maybe nothing you can do.

Most household policies will allow you to specify high-valueitems, though you may have to pay extra.

To find another insurance provider call 020 7623 9043 or visitwww.biba.org.uk and look at the 'find a broker' section.

Q: HOW long am I required to keep bank statements, P60s, payslipsand other paperwork as a PAYE standard rate taxpayer? A: The InlandRevenue says: You should keep these details for a total of 22 monthsafter the tax year to which they refer, whether you are on PAYE orself-assessed.

For more information on this ask your local tax office or seewww.inlandrevenue.gov.uk