Financial Planning with Bex

Financial Planning with Bex Financial Planning Meetings can be scheduled to suit your availability.

I have a new blog post on my website which explains Lifetime ISAs in more details! The link is in my bio. Pros:- There i...
31/03/2022

I have a new blog post on my website which explains Lifetime ISAs in more details! The link is in my bio.
Pros:
- There is a £4,000 annual contribution limit (every tax year which runs 6th April-5th April the next year).
- You do not have to pay monthly, you can top up as and when you are able to.
- The property purchase price can be up to £450,000.
- The bonus is paid monthly therefore you will see your savings increasing. You will also receive interest on the bonus.
- The maximum bonus is £33,000.
- You can use the Lifetime ISA for either the exchange deposit or the mortgage deposit.
- You can invest the money but I would not recommend a Stocks & Shares Lifetime ISA unless you are planning to buy in 5+ years and can afford to lose money.
Cons:
- There is a penalty if money is withdrawn and not used for a property purchase or retirement.
- The Lifetime ISA has to be open for a year before buying a property.

My story in financial services! As a 20 year old, I had no idea what I wanted to do in life. I fell into financial servi...
07/03/2022

My story in financial services! As a 20 year old, I had no idea what I wanted to do in life. I fell into financial services and have loved it. I love helping people and seeing how I can change lives and take the financial stress away from them.

I see a lot of Instagram accounts that give financial guidance but please remember that they are not allowed to give fin...
01/03/2022

I see a lot of Instagram accounts that give financial guidance but please remember that they are not allowed to give financial advice. They can say what works for themselves but this may not be suitable for you. A financial adviser/planner looks at your own situation and finds suitable options for you, as well as making sure the level of investment risk is suitable for you.

I think I nag my friends all the time to make sure they have an emergency fund. It’s so important to have. What would yo...
23/02/2022

I think I nag my friends all the time to make sure they have an emergency fund. It’s so important to have. What would you do if you didn’t have money aside for an unexpected large expense or you lost your job/were unable to work and didn’t have Income Protection Insurance? Usually I’d recommend 6 months of expenditure but this can vary.

I saw a post on here recently which tried to explain income tax but it was incorrect & they rounded up figures. Please e...
21/02/2022

I saw a post on here recently which tried to explain income tax but it was incorrect & they rounded up figures. Please ensure any posts are actually accurate in future!
For the first £12,570 (2021/22 tax year), you do not pay income tax as this is your personal allowance. From £12,571-£50,270 you pay 20% income tax on any earnings within this bracket. From £50,271-£150,000 you pay 40% income tax on any earnings within this bracket (ie you do not pay 40% on your entire earnings from £0). From £150,000+ you pay 45% income tax. The band between £100,000-£125,140 you technically pay 60% income tax, which can usually be avoided by making a pension contribution. However, please take financial advice for this.
As you can see, you pay income tax within the brackets. For example, if you earn £60,000, you will have £12,570 tax-free, you pay 20% within £12,571-£50,270 and then 40% for £50,271-£60,000.

These are a few ways that I can help accountants ☺️
17/02/2022

These are a few ways that I can help accountants ☺️

I’ve worked with solicitors a lot over the past 6 years, and these are some of the ways I can help you. ...
16/02/2022

I’ve worked with solicitors a lot over the past 6 years, and these are some of the ways I can help you.

Hi everyone! I’m Bex, I turned 30 last year and I’ve been working in financial services for almost 10 years. I qualified...
20/01/2022

Hi everyone! I’m Bex, I turned 30 last year and I’ve been working in financial services for almost 10 years. I qualified as an Independent Financial Adviser in 2016 and worked for a firm for nearly 6 years until I realised that I wanted to work closer to home.

The pandemic made me realise that my work life balance is very important to me and my mental health is better when I’m less stressed, not spending 2 hours in traffic every day, and at home with my dogs!

I’ve recently got a new job after working for a firm for 2 months, where I realised that I’m a financial planner who wants to work for a forward-thinking firm rather than an ‘old school’ financial advice firm. It’s been a hard few years trying to find a firm to work for as I’m employed rather than self-employed, however I’m hoping I’ve found the right one now! This page will be separate to my employer and my employer does not take any liability for whatever I post on here.

In my spare time I like to go to festivals, spend time with my dogs, improve my house and I’ve found a new love for gardening!

Thank you for listening to my essay!

Could you live on £96.35 per week? If not, it’s a good idea to look into taking out an Income Protection policy, which I...
13/01/2022

Could you live on £96.35 per week? If not, it’s a good idea to look into taking out an Income Protection policy, which I can help you with. The policies online tend to only pay you for two years, and it’s very important you get the details correct when applying for it.

If you would like to discuss this with me, please feel free to book an initial discussion free of charge:

https://calendly.com/fpwithbex/45min

If you’re looking to review your finances this year, please feel free to book a free appointment with me. I can help wit...
04/01/2022

If you’re looking to review your finances this year, please feel free to book a free appointment with me. I can help with pensions, investments, retirement planning, life assurance, Income Protection, tax planning, estate planning and various other financial issues.

*Capital at risk if investing money.

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