Tony Byrne's View

How to claim 100% Inheritance Tax savings after investing for 2 years with full government approval and access to your capital     There are a number of investments available in the UK that qualify for 100% business relief after 2 years meaning they become free of...

How to invest your money, save Inheritance Tax and earn more interest than from your bank     I know this sounds too good to be true but believe me it’s not. There is an Inheritance Tax (IHT) mitigation plan called the Foresight Accelerated Inheritance Tax Solution....

A classically simple way to save Inheritance Tax   There is literally a plethora of easy ways to save Inheritance Tax which remains to this day largely a voluntary tax. We have clients’ with multi-million pound estates who have no Inheritance Tax to pay when they die...

Why it is important to have your pensions reviewed   I recently presented a pension review report to a long-standing client. He had been a member of his company’s money purchase pension scheme for over 10 years. As he had a senior position and was well paid, both he...

A great start for our new fund   I am delighted to report that our sister company Minerva Money Management’s new fund The CCM Intelligent Wealth Fund has had an excellent first 3 months. It rose in value by 7.3% net of charges over the 3 months ended 15 July 2018 and...

Ethical and environmental investments   Ethical and environmental investments have become increasingly popular in recent years. Previously it was difficult to achieve good investment returns especially if the investor was strict about the screening of shares. However,...

How to gift money to charity tax efficiently The Charities Aid Foundation conducted a study of charitable giving earlier this year called UK Giving 2018. Amongst its key findings were the following; The total amount given to charity increased to £10.3 billion –...

The positive impact of Social Enterprise Businesses in the UK     I recently attended an evening presentation by an organisation called Philanthropy Impact on the subject of Social Enterprise Businesses. Philanthropy Impact’s mission is to inspire philanthropy and...

Is your pension subject to Inheritance Tax and any other taxes when you die?   Since Pensions Freedoms were introduced by the then Chancellor George Osbourne in April 2015 the common belief has been that Money purchase pensions are free of Inheritance Tax on death....

How to defer Capital Gains Tax or avoid it altogether   As any regular reader of my blog will know by now I have a dim view of the high taxes we pay in the UK, the hidden taxes and the sheer complexity of the tax system. Sir Humphrey of Yes Minister fame would love it...

Government review of Inheritance Tax   The Office of Tax Simplification (OTS), the wonderfully Yes Minister type name given to this so-called independent arm of the Treasury, recently announced it is going to have a consultation on the ultimate unpopular death tax...

Improvements to investor protection   The Financial Conduct Authority, the FCA, has recently completed a consultation on investor protection. It’s excellent news for investors. The investor compensation limit is going to increase from £50,000 per fund manager group to...

The smoke and mirrors of the UK’s largest “independent” wealth managers   Two of the most successful wealth managers in recent years, both FTSE 100 Share Index companies, are in fact not independent and neither can they be truly described as wealth managers as such....

How safe are your investments?   Did you know that collective investment schemes, primarily unit trusts and OEICS, have unprecedented levels of investor protection? Every collective funds management group has Financial Services Compensation Scheme, FSCS, compensation...

The wonderful world of tax efficient investment schemes Did you know there is a plethora of amazingly tax efficient investment schemes in the UK today but like the proverbial scorpion there is a sting in the tail for the uninformed and ignorant investor? The...

The arrival of the £1 million Inheritance Tax Free Allowance. Well almost! Last tax year heralded the introduction of the new Residence Nil Rate Band, the RNRB, which is an extra Inheritance Tax free allowance of £125,000 per person in addition to the existing IHT...

Beware of the hidden pension tax traps for the unwary Ever since the introduction of so called pension simplification in April 2006 ironically pensions have become ever more complicated. This has resulted in what can only be described as a Venus Fly Trap of tax traps...

Using insurance to pay for care fees tax efficiently One of the big challenges facing elderly people these days is how to pay exorbitant care fees when you have savings but not enough to pay such fees. Well the good news is that it is possible to buy long term care...