Wyefield Wealth Management

02/12/2025

Christmas has landed 🎄

02/05/2025

Around about 10 years ago I did my business launch event at Hereford Cathedral and arranged tours of the Mappa Mundi and Chained Library for my guests. Busy hosting, I didn’t get chance to do the tour and, ridiculously, I’ve still not been. Maybe now’s my chance!

📣 𝗪𝗛𝗔𝗧'𝗦 𝗢𝗡 𝗛𝗘𝗥𝗘𝗙𝗢𝗥𝗗? | CATHEDRAL AT NIGHT

▪️Saturday 17 May 7 – 9 pm

Hereford Cathedral will be opening its doors ‘after hours’ on Saturday 17 May, to give people the opportunity to experience a slightly different taste of cathedral life.

From 7-9 pm, visitors are welcome to drop in at any point to wander around the cathedral at their leisure and take part in the range of free activities on offer. For those wanting to find out more about the history and architecture of the building, the Cathedral Guides will be running special tours throughout the evening.

For one night only, entry to the Mappa Mundi & Chained Library will be free. Why not join the tour up to the Bellringing Chamber to meet the Cathedral Bellringers? There will also be an opportunity to immerse yourself in a gentle sound experience, performed by local choir Companion Voices, in the Lady Chapel from 7 pm - 8.30 pm.

New for this year, enjoy a spoken word poetry performed by local artist and poet ‘Rosie With Words’ from 7 pm – 8.30 pm. Some of the poems Rosie will be sharing, have been inspired by the cathedral. Meet the Cathedral Gardeners and the Broderers, volunteer groups who help to maintain the history and heritage of the cathedral.

Visitors are welcome to explore the cathedral independently using the range of guides and trails or spend time reflecting in the quiet and calm of the small chapels or the Crypt which will be candlelit for the evening. The Cathedral Café will be open throughout the event and serving a range of tasty treats and drinks alongside the Cathedral Shop.

From 8.30 pm Assistant Director of Music, Peter D**e will take to the world-famous Father Willis organ to perform a selection of music before the evening draws to a close at 9 pm.

Jess Stallwood, Events Manager at Hereford Cathedral, said: “Cathedral at Night is one of our favourite events here at Hereford Cathedral. This relaxed evening is full of fun things to discover and a great opportunity to see what we can offer visitors. Whether you’ve visited us a hundred times before or walk past every day and have never come inside the building, a warm welcome awaits!”

Cathedral at Night will take place on Saturday 17 May from 7-9 pm. Entry is free and booking is not required for any of the events or activities taking place.

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01/05/2025

Looking forward to a bit of local networking in the glorious sunshine later ☀️

✨ Reminder ✨

Our networking event is happening tomorrow! Whether you’re a landlord, investor, property professional or just curious about the sector — come down, grab a drink, meet like-minded people and chat all things property! 🏡

📍 Club House on the Castle Green, HR1 2NW
🕕 5pm - 7pm
🍷 Drinks, chats & great company!

Let us know if you’re coming – we can’t wait to see you there!

25/09/2024

When the postman puts a smile on your face 😊

22/05/2024

Ellen frequented some of the same networking groups as me in the early days of my business 10 years ago.

Two years ago her 14 year old son killed himself and his parents have no idea why.

Please sign her petition to give parents the right to access their children’s social media accounts. She needs to get to 100,000 signatures and is so close.

I want parents/guardians to have the right to be given access to their children's social media accounts, by social media providers, both when the child is alive and if they are deceased.

13/03/2024

It's important to me that longstanding clients remain happy with the service they get and feel they are getting value for money so reviews like this make me very happy.

12/03/2024

Consistency is key.

Almost a quarter of a century as a financial adviser has taught me many things, including the fact that investors are typically more comfortable topping up pensions and investments after they've risen in value (and are more expensive) than after a fall (when they could buy more assets, more cheaply).

Example:

A, B and C have £10,000 to invest.

> Investor A buys 10,000 widgets when the price is £1 each.
> Investor B buys at a price of £1.20 per widget, so can afford 8,333 of them.
> Investor C buys when the price is 80p and can purchase £12,500 widgets.

The price rises to £2 per widget.

> Investor A's investment is worth £20,000.
> Investor B's is worth £16,666.
> Investor C has £25,000.

Obviously, the best time to buy is when the price is 80p. So why don't we? Why are we reluctant to invest after a fall in prices?

Because falls are caused by uncertainty about the future, and when we are uncertain about the future we are fearful of committing funds to investments.

What is the solution? Consistency. Make a decision to invest consistently through good times and bad - at a level which is affordable - and stick to it.

Take away the worry about timing your investment decisions and remove the temptation to make decisions based on emotion - fear and greed.

Some of my business owner clients make an annual decision to top up their pensions towards their trading year end (which is often 31st March). Some opted to skip topping up in March 2023 because their investment fell in value in 2022 and they were feeling uncertain about the future.

They chose to keep surplus cash in the business 'just in case' rather than pay it into a pension, reduce their tax bill, and build their standard of living in retirement or bring forward their retirement age.

Those people have missed out on solid market returns since then. As the investing cliche goes, 'markets climb a wall of worry'.

By contrast, some of my business owner clients save for retirement consistently through good markets and bad. They typically worry less - they have set their strategy and don't need to re-make that decision year on year. Generally they will build their savings pot more successfully over time.

Everyone is prone to letting their heart rule their head on occasion. But if you want to be a better investor, leave your emotions at the door.

11/03/2024

Many people go from having a single source of income during their working life (e.g. salary or business earnings) to multiple sources of income when they retire.

I'm often contacted by people who want to know:
- whether they should consolidate multiple pensions they own into one.
- how to make sure they are not paying more tax than they need to in retirement.
- whether tax will be deducted automatically from various types of income or will they need to do a tax return?

Once you've stopped earning, it becomes more important to look after the wealth you've accumulated and ensuring every penny that should ends up in your pocket rather than the taxman's helps you live the life you want.

Once you retire, you pretty much stop paying into your pension and started drawing it. However, many people keep contributing, or keep their pension invested for most of their retirement.

10/03/2024

One of the sad but important parts of being a financial adviser is helping clients' families when one of my clients dies.

I'm currently helping Tom who is inheriting his father's pension. Dad had been in poor health for several years but died suddenly and unexpectedly.

Fortunately, his pension Expression of Wish document was up to date and the transfer of his pension balance to Tom is a straightforward case of completing the right paperwork.

Tom doesn't own a home at the moment so is thinking about using some of it as a deposit on a property. He plans to keep the rest invested for his own future.

Because the funds are in a pension, Tom can inherit them free of inheritance tax. And because Dad was under 75 at the time of his death, he can take withdrawals completely free of all UK taxes whenever he needs them.

Not all pensions can be passed down to the next generation in this way. Have you checked what the death benefits on your pensions are? Are your Expressions of Wish or Death Benefit Nomination forms up to date?

Many people only start thinking about inheritance when they’re writing their Will*. Deciding who gets what, and how much, certainly focuses your mind. But there is real value, and tax-efficiency, in financial planning that considers retirement and inheritance as part of the same long-term, family ...