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 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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TONY BYRNE’S VIEW 18TH APRIL 2017

The largest pensions scandal in history will become apparent over the next few decades as successive governments will be proven to have taken no effective action to correct the funding crisis of state and public sector pensions.  The current deficit for public sector...

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Tony Byrne’s View 10th April 2017

It is astonishing to discover that according to a new report by The Social Mobility Commission that 34% of first time property buyers are using loans or gifts from family members. Legal & General recently asserted that last year the Bank of Mum and Dad was lending...

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Tony Byrne’s View 3rd April 2017

The recent proposed National Insurance hike for the self-employed was the latest attack by the Tories on the wealth makers in society. Fortunately the public outrage was so great the government back-tracked.  This Conservative government is unlike any Conservative...

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Tony Byrne’s View 27th March 2017.

In April 2015 under George Osborne's Chancellorship the government introduced so-called pensions freedoms. This was a radical reform which has totally shaken up the world of personal pensions. Under pensions freedoms there is no longer a requirement to buy an annuity...

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Tony Byrne’s View 20th March 2017

The latest Budget and the government's U turn on National Insurance increases for the self-employed has highlighted just how out of touch the government is with the taxpaying public. Ever since Gordon Brown introduced the £5 billion a year tax raid on pensions in...

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Tony Byrne’s View 13th March 2017

Did you know that regularly reviewing your mortgage could save you a fortune? My fiancée remortgaged her property last year after her two year fixed rate period had ended.  She is Chinese so was not fully au fait with the UK mortgage market.  She was sold a 30 year...

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Tony Byrne’s View 6th March 2017

  Hardly a week goes by when we do not hear of a major Internet hacking issue including ID theft. I myself became a victim of ID theft a few months ago when somebody opened 3 bank accounts online with a High Street bank in the name of Tony Byrne rather than my...

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Tony Byrne’s View – 28th February 2017

The recent by election results in Copeland and Stoke-On-Trent represent a significant milestone in British politics.  The Conservatives' victory in Copeland was the first time since 1935 that Labour had lost its seat there.  This was also the first time since 1982...

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Tony Byrne’s View – 20th February 2017

Former Prime Minister Tony Blair's recent keynote speech at the Bloomberg financial news agency's London headquarter's on the subject of Brexit has provoked a mixed response and much criticism. Blair calls for a movement to reverse the Brexit vote on the basis that...

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Wealth And Tax Management’s Top Ten Tips

If you have combined pensions worth £500K or more seriously consider transferring them to an offshore pension known as a QROPS in order to avoid the penal Lifetime Allowance tax charge of 55% of the excess above £1m when you start drawing pension benefits. Maximise...

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Tony Byrne’s View – 13th February 2017

I recently reviewed my 80 year old mother’s buildings and contents insurance for her £350K semi-detached 3 bedroom house in a town in Essex.  I was shocked to find that she had a buildings insurance policy with Santander for which she was paying an annual premium of...

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Tony Byrne’s View – 6th February 2017

Donald Trump's election as President of the United States concerns many people because he is not only an inexperienced politician but also a controversial one. He seems to think he is above the law and can run the country like a despot in a tinpot dictatorship....

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9 year-end tax planning tips

Now is the time to minimise your tax bill! We all have to pay our taxes.  Arguably, we should be happy to pay a certain level of taxes to maintain the services we, and our families, use. But why pay more than you need to?  Especially when there are numerous ways you...

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