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!
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Warning signs for final salary pension scheme members The recent collapse of Carillion which has left behind the largest ever UK pension scheme deficit to be rescued by the lifeboat scheme, The Pension Protection Fund or PPF for short, should serve as a stark warning...read more
Maximising the returns from your cash deposits We are delighted to announce a couple of new services for Wealth And Tax Management clients which will benefit you significantly. Both services are designed to help you to maximise returns from your cash deposits. The...read more
Happiness In retirement The latest NHS annual survey of the nation’s wellbeing found that men reported higher levels of happiness than women from their late teens up until retirement. It's not until 65 that men and women were found to be equally happy and women's...read more
An easy way to save money and earn money year after year Regular readers of this blog will be conscious of my regular advice to save money and earn more money, especially passive income, as the foundation stone of sound financial planning. Saving money and earning...read more
The Millennials’ golden future We read and hear a lot about how fortunate are the baby boomers of today and how unlucky are the Millennials. However, when you dig a bit deeper the facts reveal an altogether different story. Baby boomers are generally considered to be...read more
Global equities soar to highest levels since 2009 The FTSE All-World Index advanced 22% in 2017, its biggest increase since 2009, the year after the global financial crisis, and its fourth-best annual return since the benchmark started in 1993. A remarkable year by...read more
New Year Resolutions A Happy New Year to all of our regular readers! As this is the traditional time of year for people to make New Year Resolutions I thought it would be interesting to find out what are the 10 most popular ones. It will be no surprise to find that...read more
The power of price comparison sites I’ve been using price comparison sites for many years admittedly mainly for car and home insurance but there is a plethora of financial cost saving areas to choose from. Moneysupermarket.com lists the following 9 areas. Car...read more
Festive season present buying tips It’s that time of year yet again when you have to plan what presents to buy for people and how you are going to fund your spending. I don’t know about you but I find it increasingly difficult each year to choose presents to buy that...read more
Why your credit record is so, so important I have been monitoring my personal credit record for many years because I have always been aware of the importance of a good credit score. I have always subscribed to Checkmyfile because it is the only website that collates...read more
How to become financially free and live the life of your dreams The concept of financial independence is the holy grail of lifetime freedom from money worries. It’s something that everyone wants, including those people who deny it, though few people truly achieve it...read more
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...read more
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...read more
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...read more
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...read more
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....read more
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?...read more
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...read more