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 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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Tony Byrne’s View 17 July 2017

Ever heard of the acronym FANG? Unfortunately it's not as interesting as it sounds because it has absolutely nothing to do with Count Dracula or his famous fangs! Interestingly my step-daughter's surname is Fang too. It's really funny how these little coincidences...

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Tony Byrne’s View 10 July 2017

Are you a collector of plastic cards for a plethora of uses such as store cards, reward cards, loyalty cards, membership cards, fuel cards, bank cards and credit cards etc?  If you are like me you probably have far too many cards to carry around with you in your...

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Tony Byrne’s View 3rd July 2017

I discovered a little known shareholders' organisation called Sharesoc at an investment conference I attended earlier this year. I bumped into someone manning their stand and after listening to his short sales pitch I decided to join it on the spot! So why did I make...

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Tony Byrne’s View 26th June 2017

With the recent Budget fresh in people's minds and the media's obsession with each party's manifesto promises from the recent General Election the inexorable rise in taxation continues each year. Because both Tory and Labour governments have been clever at introducing...

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Tony Byrne’s View 19th June 2017

In spite of the inexorable rises in taxation announced by the Chancellor in each year's Budget there still remains a surprisingly high number of ways to minimise your taxation with careful planning with your financial planner. For starters whether you are investing...

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Tony Byrne’s View 12th June 2017

So Theresa May and the Tories have made a complete hash of the snap election and lost their majority in the Commons as a result. This was a classic case of a gamble that went wrong. George Osbourne's Evening Standard renamed May as Weak and Wobbly rather than Strong...

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Tony Byrne’s View 5th June 2017

Following on from my article in February this year about saving money on buildings and contents insurance I thought it worth exploring the subject of energy cost savings. A number of years ago I used Uswitch to change my home's energy suppliers from EDF Energy to a...

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Tony Byrne’s View 29th May 2017

I do come across clients from time to time who have a disproportionate amount of money invested in bank accounts, National Savings Certificates, Premium Bonds and other similar low risk/low return investments. Whilst I understand the need to keep some money in cash...

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Tony Byrne’s View 22nd May 2017

I was recently asked by a client what did I think would happen to the stock market once Brexit has happened. I told him I didn't know what would happen. This answer surprised him because it was not the answer he would have expected from a wealth manager! I pointed out...

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Tony Byrne’s View 15th May 2017

I am proud to say that Wealth and Tax Management has had some recent success at the annual Buckinghamshire SME Business Awards. We came first in the E-Business category and we're runners up for Business Innovation. This followed our success of a few months ago in...

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Tony Byrne’s View 8th May 2017

I continually read books and attend courses on personal finance because my profession is also my hobby. I guess I am one of those lucky people in life who does what he loves which is why it never really feels like work to me. I have gleaned from these various books...

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Tony Byrne’s View 1st May 2017

I have read a number of books on the future including Abundance: The Future Is Better Than You Think, and Bold: How To Go Big, Create Wealth And Impact The World both written by Peter Diamandis and Steven Kotler. The theme of Abundance is that new technologies are...

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Tony Byrne’s View 24th April 2017

The more I have observed people over the years the more convinced I am that human beings are hopelessly addictive beings. I call it the addictive society. When I talk about addiction I don't just mean the obvious hard addictions of drugs, alcohol and nicotine but many...

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