Wealth & Tax News

At Wealth & Tax Management we’re passionate about all things financial: we love our subject and we love keeping you up-to-date with all the latest developments.

So… if it’s happening in the financial world, we’ll be on it for you; we’ll share our views with you; and we’ll more than likely blog about it too!

Tony Byrne’s View 20 November 2017

Why you shouldn’t invest with active fund managers (most of the time) In the investment world there has been a long running debate about which is best for investors - active or passive fund managers. For those of you out there who do not know the difference let me...

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Tony Byrne’s View 13 November 2017

How to manage your time to increase your wealth What is your most valuable resource? The one thing that will reduce minute by minute, hour by hour, day by day, week by week ad infinitum. Why it’s your time of course! Time is the one thing you cannot replace. It is a...

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Tony Byrne’s View 6 November 2017

Why timing the market doesn’t work From time to time we have clients who think they can time the market. In my long experience of wealth management I have found it impossible to time the market. Typically you may get the timing right on when to invest or when to sell...

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Tony Byrne’s View 30 October 2017

How to minimise tax on children’s investments Interestingly there are a number of tax efficient and simple ways in which you can invest money for children and grandchildren in the UK today. Junior ISAs and Adult ISAs Junior ISAs are available for children up to age...

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Tony Byrne’s Views 23 October 2017

How to retire early and live the dream life   I recently read an article about a young couple called Shanine, aged 22, and Darren, aged 24, who have just bought their first house, a 4 bedroom detached in Tiverton in Devon, for £265K. They do not have high paid jobs....

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Are Bitcoins the currency of the future?

At the time of writing this blog the old pound coin officially has only two more days’ life before it is no longer legal tender though I expect banks to accept these coins for the foreseeable future. I can’t help thinking why does anyone even use coins anymore?...

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Tony Byrne’s View 9 October 2017

We are living in an age dominated by the Internet and portable devices. Wherever you go you find most people totally focused on their mobile phones or tablets seemingly oblivious to the world around them. Pedestrians are even crossing roads while reading their phones...

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TONY BYRNE’S VIEW 2 OCTOBER 2017

I recently reviewed a client’s company money purchase pension scheme and discovered that it was invested in a Lifestyle Option. An investment strategy like this is designed to gradually switch the investments within the pension into lower risk investments typically...

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Tony Byrne’s View 25 September 2017

The advent of Pension Freedoms which were introduced by George Osbourne in April 2015 ushered in an era of unprecedented benefits for people with personal pensions. These benefits are so attractive when compared to final salary pension schemes it is no surprise that...

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Tony Byrne’s View 18 September 2017

Last week I attended a financial planning conference at the International Convention Centre in Birmingham called Back2Y on the subject of lifestyle planning. Back2Y stands for back to why you entered the financial planning profession. Lifestyle planning is an emerging...

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Tony Byrne’s View 10 September 2017

I was recently asked by a couple of young early career people how they could get onto the property ladder by buying their first homes. Now we do not advise on mortgages but we are experienced in advising parents and grandparents on ways to help their children and...

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Tony Byrne’s View 4 September 2017

Regular readers of my View blogs will be aware that we have formed our own fund management company, Intelligent Wealth Fund Managers, and that we are going to launch our first fund, The Intelligent Wealth Fund, in early 2018. We have recently decided to change our...

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Tony Byrne’s View 29 August 2017

The recent news that Tata Steel is going to restructure the British Steel Pension Scheme by reducing benefits and ploughing in £550 million must be a huge relief to its members who have agreed to it. This follows on the heels of Sir Philip Green's decision earlier...

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Tony Byrne’s View 21 August 2017

Having advised pre-retired and retired clients for more than 30 years now and having studied financial planning for at least the same length of time I feel sufficiently qualified to give my observations on the subjects of money, happiness and retirement. The first...

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Tony Byrne’s View 14 August 2017

“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” Who is attributed with having made this statement? Why the great Albert Einstein no less! Surprising eh? In fact there is no documentary proof that...

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Tony Byrne’s View 7 August 2017

The Bank of England has recently been reported in the Sunday Times to be demanding detailed information from High Street lenders on how they approve loans after sounding the alarm over the growth in consumer debt. In particular the introductory 0% rate on credit cards...

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Tony Byrne’s View 31 July 2017

I was recently sent a business bank charges statement from our bank which is a well-known High Street bank. I noticed the highest interest rate on offer was 0.10% even on balances of £1m or more! However, if our business account were to go into an accidental overdraft...

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Tony Byrne’s View 24 July 2017

Ever struggled to get your head around the concept of compounding or discounting? For many people maths is a challenging subject but for us as wealth managers it is of course our bread and butter. So how about a simple rule for working out how long it takes to double...

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