AFAP2 Mock Paper 3 — Advanced Suitability & Tax Traps
The toughest AFAP2 mock: mixed personal and business needs, tax inconsistencies, trust pitfalls, and scenarios where the correct answer is not to recommend cover. 30 marks, 45 minutes.
- Questions
- 30
- Minutes
- 45
- Pass (70%)
- 21/30
Sit it timed
The timer starts when you press the button. You can still finish after it runs out — it is there to mimic exam pressure, not to lock you out.
Free preview: the first 5 of 30 questions, with a timer to match. Unlock the full paper
Answer options are shuffled on every attempt. Your progress is saved as you go, so a refresh won't lose it.
About AFAP2 Mock Paper 3
This is mock paper 3 of 3 for AFAP2, the Protection — Unit 2 unit of CeMAP. The 3 papers in this unit run easier → harder so you can build up to exam standard rather than being thrown in at the deep end. This one sits in the harder tier: it is deliberately pitched above the live exam, so passing it means you should clear the real thing with room to spare.
Every question carries a written explanation, so a wrong answer tells you which rule you have misread instead of just costing you a mark. Questions are original, written against the 2025/26 five-unit CeMAP syllabus, and cover the material the way the examiner tests it — precise recall where recall is tested, and judgement where the paper wants judgement.
Format, timing and pass mark
AFAP2 Mock Paper 3 follows the live AFAP2 format: 20 standalone questions + 2 case studies × 5 linked questions, in 45 minutes — about 90 seconds a question. Pass mark 21/30 (70%), as in the real assessment. There is no negative marking, so answer everything. 2 case studies carry linked questions: read each scenario once, carefully, before answering any part of it.
What this paper tests
The 30 questions in AFAP2 Mock Paper 3 break down across 8 topic areas:
- Suitability6 questions
- Trusts6 questions
- Quantifying need5 questions
- Taxation5 questions
- Relevant life3 questions
- Shareholder protection3 questions
- Key person1 question
- Partnership protection1 question
Try two questions from AFAP2 Mock Paper 3
These come from the free preview of this paper. Answer them, then reveal the explanation.
Suitability
When a client already has cover exceeding all quantified personal and business needs, the suitable recommendation is:
- ADouble all policies
- BAdditional whole-of-life immediately
- CCancel shareholder protection
- DDo not recommend further cover — document that existing arrangements are adequate
Reveal the answer
D is correct. AFAP2 frequently tests whether the adviser can stop selling. Over-insurance wastes premium and may create tax complications.
Relevant life
Multiple relevant life policies on the same director may:
- ABe challenged if total benefits are excessive versus remuneration — HMRC may question tax efficiency
- BAlways be unlimited
- CBe mandatory for all companies
- DCancel death-in-service automatically
Reveal the answer
A is correct. Relevant life must be justifiable as employee death benefit. Excessive cover relative to salary can attract HMRC scrutiny.
Scored under 70%? Revise these next
A near miss is almost always a calculation you cannot do under time pressure, a definition you half-know, or a rule you have never read in the examiner's words. Start with the topic areas above where you dropped marks, then:
- →Drill the calculations on the CeMAP formula sheet — LTV, income multiples, SDLT, APRC, ERCs and rental cover, each worked through.
- →Nail the terminology in the CeMAP glossary — a surprising share of wrong answers are a term you nearly knew.
- →Re-read the syllabus coverage on the AFAP2 exam guide, then sit the next paper in the ramp.
The other AFAP2 mock papers
3 timed mocks for this unit, running easier → harder. Sitting the whole ramp is what moves a borderline score to a comfortable pass.