Wealth and tax FAQ
The most frequent questions about wealth tracking, the Tax Pack, and the value of estimates.
Here you'll find answers to the most common questions about tracking your wealth and preparing your taxes in Noryo. These features are available with the Ultra plan.
What is wealth tracking?
Wealth brings together your assets (real estate, investments, savings) and your liabilities (loans, debts) to calculate your net worth, that is, what you own once your debts are deducted. You also see how it evolves over time.
Wealth tracking is part of the Ultra plan. The details of your plan can be viewed on the Subscription screen of the app.
Do I have to enter everything by hand?
You add your assets and debts yourself, then enter their value. For an asset, you can indicate an estimated annual appreciation to project its future value. You stay in control of the amounts and can adjust them as your situation changes.
What does the Tax Pack contain?
The Tax Pack is an annual summary of your income and expenses, designed to help you prepare your tax return. It gathers and formats the useful information to save you time when the moment comes.
The Tax Pack helps you prepare your tax return, but it doesn't replace official documents or a professional's advice. Always check your figures before taking any steps.
Are the projections reliable?
The wealth projections and trajectories shown are estimates. They rely on the assumptions you enter and on your past trends. They give a direction and orders of magnitude, but they guarantee no outcome.
Estimates are provided for guidance only and do not constitute investment advice. For an important decision, reach out to a professional.
Why isn't my property value changing?
A property's value is the one you entered. It doesn't change on its own, unless you gave it an estimated annual appreciation. Remember to update it after a revaluation or a notable change.
Can I track my wealth on iPhone?
Yes. You'll find your wealth in the iOS app, and a dedicated Apple Watch widget gives you a quick overview on your wrist.
Is my tax data protected?
Your data is encrypted and hosted in Europe, and it's never resold. You keep your rights to access, export, and delete it at all times.
The complete guide to wealth tracking.