What are the opening hours?

Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

http://www.bespokewealth.co.uk/

Bespoke Wealth, 1635 Parkway, Solent Business Park, Fareham (2026)

05/01/2024

Danielle is back with her first of 2024!

Is saving to buy your first home one of your 2024 goals? Or one for your children? 💭

With the average 10% deposit in the UK being £30k, saving to buy a first home is no easy thing! So today’s is one for the wannabe homeowners 🏡

If you’re aged 18-39, then you should be looking at a Lifetime ISA (LISA).

A LISA lets you save up to £4,000 every tax year towards your first home (or your retirement, but we’ll scratch that for today). The government adds a 25% bonus on whatever you save. That means you could get a chunky £1,000 of FREE cash each year. Plus, you earn interest on whatever you save, and as it's an ISA, the interest is tax-free.

You need to have had a LISA open for a year to be able to use it (and the government bonus) towards your first home.

There are cash options with interest of 4%+ currently available, and there are also investment options where you buys stocks and shares for enhanced growth potential, although you only get the bonus on your contributions, not the interest or investment growth.

So let’s look at this in practice:

If you save £10.95 per day (cut out that boujee Starbucks and prep your lunch from home), this is £77 per week. In 12 months’ time, you’ll have saved the £4,000 limit. This means you’ll get £1,000 FREE with the government bonus, making your total saving for the year £5,000. And this is before interest or growth! 🤩

If you commit to this for 5 years, you’ll have saved £20,000 with a handy bonus of £5,000, meaning you’ll have £25,000 towards your first home (again, without interest or growth!). If you and a partner/friend also buying their first home do this, you will far exceed the average 10% deposit needed in the UK and BOSH, you’re on the property ladder for life 💪🏼🎉

How do you start?

✅ Use a budgeting tool to help you track your spending.
✅ Pay off high interest rate debts first.
✅ Cut out overspending (even the little things add up).
✅ Build an emergency fund (3-6 times your essential monthly expenditure) and then….
✅ Commit to squirreling this cash away so it forms part of your normal expenses. And be patient. You can't do this overnight.

If saving the full amount isn't affordable for you, save whatever you can because you’ll still get the 25% bonus and every little helps. There are also other schemes on hand to help you get on the property ladder such as:
- 5% deposits instead of 10%
- shared ownership
- the Mortgage Guarantee Scheme which has been extended to June 2025 (I’ve included a link on that in the comments).

If you have any questions on your saving journey, just holla 👋🏼 You've got this.

02/01/2024

From all of us here at Bespoke Wealth, we wish you a happy and healthy 2024.

There is no better time than a New Year to implement a long term plan and start building a better financial future. If you want to jump on board the train to financial freedom, then you know where we are 🚂 ✨

21/12/2023

As this year comes to an end, we would like to take this opportunity to give our heartfelt thanks to all our wonderful clients and professional partners. Thank you for entrusting us with your most valued assets and for choosing us to walk alongside you on your financial journeys. We look forward to continuing to support you in the New Year.

As we approach 2024, we do so in our beautiful new office with our amazing team, who work tirelessly all year round to deliver a first-class, bespoke service to our clients.

Please note that our office will close tomorrow afternoon for the festive season so that our team can enjoy some much-deserved time off with their loved ones. We will reopen on Tuesday 2nd January.

From all of us here at Bespoke Wealth, we wish you and your families a very Merry Christmas and a happy, healthy 2024 🎄✨

23/10/2023

Danielle had the day off on Friday, so her are coming to you today instead. And this week, she's talking the importance of a lasting power of attorney.

A lasting power of attorney (LPA) is a way of giving someone you trust (your attorney) the legal authority to make decisions on your behalf if you lose the mental capacity to do so in the future, or if you no longer want to make decisions for yourself.

There are two types of LPA:
1️⃣ LPA for financial decisions
This covers:
🔹 buying and selling property
🔹 paying a mortgage/rent and other bills
🔹 managing bank accounts and other
savings/investments/pensions

2️⃣ LPA for health and care decisions.
This covers:
🔸 where you should live
🔸 your medical care and decisions about life-saving treatment
🔸 who you should have contact with
🔸 what kind of social activities you should take part in

Just Group have recently carried out a survey which has confirmed 59% of retirees (around 3.4 million people!!) have not arranged a LPA.

A combination of feeling they are not at the right stage of life (35%), a fear of giving up control of their finances (22%) and not trusting anybody else with their money (6%) appear to be driving the over 75's reasoning.

I find these stats very worrying for 2 main reasons....
▶ Financial planners should be highlighting the importance of Wills and LPAs with every client ❗
▶ If someone loses capacity without having a LPA in place, relatives must apply for deputyship through the Court of Protection, which carries an annual renewal fee of £2,500!! 🤯❌

None of us like to think about our vulnerabilities or likely mental/physical decline, but handling the affairs of a relative without a power of attorney in place can be extremely distressing and very costly.

✅ Setting up an LPA is easy and can be done for less than £200 without the need to go through a costly solicitor.

If you haven't already, I would strongly urge you to look at setting up a Will and LPA to provide peace of mind in later life for yourself and your family.

_____________________________________
Hi, I'm Danielle 👋

I'm a Financial Planner, passionate about creating empowering relationships with people and their financial lives. 💪

I can help individuals with:
✅ Pensions
✅ Tax Mitigation
✅ Investments & Building Savings
✅ Trusts & Estate Planning
✅ Insurance & Family Protection
✅ Redundancy, Inheritance & Divorce

I can help businesses with:
📍 Auto-Enrolment & Workplace Pensions
📍 Employee Benefits, Talent Attraction & Retention
📍 Financial Coaching
📍 Tax Efficiency & Extracting Profits
📍 Business Protection

Drop me a message if you'd like to have a chat 😊✌️

13/10/2023

Today’s is about equities! There’s lots of noise making them seem more complex than they are, so here’s the simple breakdown.

An equity investment is money invested into a company by purchasing shares of that company in the stock market.

WHY DO PEOPLE CONSIDER EQUITIES WHEN INVESTING?
1️⃣ In the hope they’ll rise in value – simple! This generally comes in 2 forms, growth i.e. capital gains and/or income i.e. dividends.
2️⃣ You can invest directly in one company, but for most people, you invest in equities through an investment fund in your pension or ISA for example. These funds usually invest in hundreds of different companies, which helps spread the risk.
3️⃣ As such, they are a great way to diversify your portfolio because you can invest in companies in different sectors (tech, healthcare, energy etc) AND in different places (different countries, different economies).
4️⃣ There is no minimum holding period. You can hold them for 40 minutes or you can hold them for 40 years (but recommended holding periods apply depending on your goals and circumstances!).
5️⃣ You could increase your investment through rights shares (discounted shares) if a company wants to raise additional capital via the equity market.

WHAT ARE THE DISADVANTAGES?
1️⃣ The market can be volatile. Share prices go up and down on a daily basis, depending on stock market conditions, so there is a risk of loss. Generally speaking, you see short-term volatility but long-term gains.
2️⃣ Depending on what investment you hold, the gains you make might be taxable.
3️⃣ Knowing which companies to invest in and the financial metrics/mathematical formulas used to analyse which companies might be a good investment is very complex and time consuming so not something the average Jo Bloggs (90% of the population) is capable of or inclined to do.

If you’re investing with a long-term goal in mind, such as retirement or education/house savings for children, equities can be a great asset to consider for investment. But please make sure you speak with a qualified and experienced investment professional to ensure you are making the correct decisions and minimising risk where possible.

This post is for education purposes only, it is in no way financial advice.

_____________________________________
Hi, I'm Danielle 👋

I'm a Financial Planner, passionate about creating empowering relationships with people and their financial lives. 💪

I can help individuals with:
✅ Pensions
✅ Tax Mitigation
✅ Investments & Building Savings
✅ Trusts & Estate Planning
✅ Insurance & Family Protection
✅ Redundancy, Inheritance & Divorce

I can help businesses with:
📍 Auto-Enrolment & Workplace Pensions
📍 Employee Benefits, Talent Attraction & Retention
📍 Financial Coaching
📍 Tax Efficiency & Extracting Profits
📍 Business Protection

Drop me a message if you'd like to have a chat 😊✌️

10/10/2023

Financial support resources in the comments for

08/09/2023

Have you ever asked yourself “How much will I get from my state pension?” Danielle gets stuck into this for today’s .

Have you heard the term “triple lock” on the news? It was first introduced in 2011 and aims to make sure the state pension doesn’t lose value over time.

It guarantees that it will increase each year by the highest of 1 of 3 measures (hence the “triple” in the triple lock):
1️⃣ 2.5%
2️⃣ Whatever the CPI Inflation figure is in the September of the previous year
3️⃣ Average earnings growth

The triple lock is a complicated and pretty controversial area. On one hand, it has done the job it was brought in to do, which was to lift pensioners out of poverty. But with the state of the economy over the last few years, it has been a very expensive move for the government (and in turn, us as taxpayers!). Last year, the triple lock meant pensions rose by a whopping 10.1% 💥

We’re now at that crucial point where next year’s increase is decided and it’s looking like another big hike of around 8% 📈

The Department for Work and Pensions (DWP) forecasts state pension costs will rise from £124bn this year to £134bn in 2024/25. The Institute For Fiscal Studies estimate that by 2050, that cost to the UK could hit £45 billion per year 🤯

So as a financial adviser, I see 2 key issues with the triple lock….

📌 It makes it hard to know how much you will receive from the state pension in future ❓
📌 Keeping the triple lock for too long increases pension spending, which in turn leads to insurmountable pressure for a much higher state pension age (I’ll be working to 75-77 at this rate🤦🏼‍♀️).

Both of these make understanding your state pension eligibility quite difficult. So please make sure you’re speaking with a qualified financial adviser on how you’re going to fund your retirement objectives and whether you’re on track to achieve it 💡

From all of us at Bespoke Wealth, enjoy the sunshine and have a great weekend when you get to it ☀

_____________________________________
Hi, I'm Danielle 👋

I'm a Financial Planner, passionate about creating empowering relationships with people and their financial lives. 💪

I can help individuals with:
✅ Pensions
✅ Tax Mitigation
✅ Investments & Building Savings
✅ Trusts & Estate Planning
✅ Insurance & Family Protection
✅ Redundancy, Inheritance & Divorce

I can help businesses with:
📍 Auto-Enrolment & Workplace Pensions
📍 Employee Benefits, Talent Attraction & Retention
📍 Financial Coaching
📍 Tax Efficiency & Extracting Profits
📍 Business Protection

Drop me a message if you'd like to have a chat 😊✌️

21/07/2023

Danielle's are back.

I hear so many people say “I don’t know where to start” when it comes to financial planning. So that’s today’s !

“How much should I put into my pension”
“I don’t want to save into a pension, but that’s all there is, right?” (No!)
“What is an investment and how do I invest”

These are just some of the questions I hear people ask themselves when they want to start financial planning for the first time. As a result, most people feel confused, overwhelmed and too anxious to take the first steps towards achieving financial freedom. Instead, they tend to just bury their head in the sand and decide “I’ll come back to that later when I have time”. 🤦🏼‍♀️

Top tip: Time is money, and money needs time!! ⏰ If you keep avoiding or delaying your financial planning, you are limiting the time on your side to make your money work for you.

So the first golden step you need to take is to create a budget 📊 This might sound boring (or obvious!) to many , but budgets aren’t meant to be dull or restrict your spending. Budgeting allows you to pay for all the things you need and want in life and also acquire investments that can help meet your future goals.

Quick start budgeting: Add up all your essential monthly outgoings like mortgage/rent, council tax, gas/electric, water, car finance, mobile phone, TV/broadband, subscriptions. Then, add in your expenditure that varies a little month to month like the food shop or dinners ou/takeaways. Add all this expenditure up, and then subtract it from your take home salary/income. The final balance will provide a clear estimate as to how much money you will have left over each month – your disposable income.

Out of this disposable income, pay yourself first. i.e. save at least 20% of it. Better yet, set up a direct debit so it starts to form part of your monthly expenditure. Then you can spend what’s left over on whatever makes you happy. 🥳

Create your budget this weekend and start planning for your future! If you need help on where to invest your savings (for heavens sake don’t just leave them in a bank account!!), then make sure you’re speaking with a financial planner to help you get the most out of your money. 💷🫰🏼

From all of us here at Bespoke Wealth, have a great weekend when you get to it! ☀

Bespoke Wealth

05/01/2024

02/01/2024

21/12/2023

23/10/2023

13/10/2023

10/10/2023

08/09/2023

21/07/2023

Address

Opening Hours

Website

Alerts

Contact The Business

Shortcuts

Share

Category

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm