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 David Bowern







Articles in this section are supplied by David Bowern, Partner at Blevins Franks. 
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 David Bowern      

Why retirement planning matters at any age
Tuesday, 16 November 2021

Whether you are nearing retirement or it is several years away, it is never too early to start thinking about how you will finance your golden years. Even if you are already retired, you should regularly review your arrangements to ensure you continue meeting your retirement goals.

It might be that you enjoy spending time in Spain and would like to retire in the sun, now or a few years down the line. Or maybe you are already living here and are unsure what your options are.

Whatever your situation, what do you need to think about to secure your dream lifestyle in retirement?

UK Autumn Budget 2021 – A focus on economic recovery
Tuesday, 16 November 2021

The Chancellor’s second budget of the year was notably lacking any significant changes to Qualifying Recognised Overseas Pension Schemes (QROPS), pension tax relief, capital gains tax and inheritance tax. Instead, the plans focus heavily on post-Covid economic recovery for the UK.

This comes as little surprise after the UK government had already announced a freeze on the pensions ‘triple lock’ and a rise in National Insurance contributions (NIC) only a month before the October budget was released.

In this article, we look at the UK tax rates for income, capital gains, pensions and inheritance. This is a good prompt for you to consider if your money is structured tax efficiently. 

Make sure your money lasts as long as you do: 5 questions to ask
Wednesday, 20 October 2021

As life expectancy increases, so does the length of time needed to stretch your income in retirement. Taking the right steps now can help you afford the lifestyle you want for as long as you need.


Today, most people can expect to live longer than the generations before. UK government statistics put the average life expectancy of men aged 65 in 2019 at 83.8 and women at 86.1 – the highest ever observed at this age. They counted more than 600,000 Britons aged over 90 and 13,330 centenarians – 13% more than the year before. 
UK inheritance tax collection reaches £6 billion
Wednesday, 20 October 2021

will your family be affected? 

The UK’s inheritance tax (IHT) haul continues to set new records as it rakes in £6bn for 2021. This 19% rise translates to almost £1bn more taxes collected in a single year. But if IHT was only intended to affect the ‘super wealthy’, why does the revenue it generates for the government continue to skyrocket?

UK inheritance tax is payable on the worldwide estate of a UK domiciled person who has passed away and on gifts made by UK domiciled individuals within the seven years prior to death. Furthermore, UK assets are always liable to inheritance tax, regardless of the domicile of the owner. This year, IHT will affect around 33% more families, breaking all records it previously set. 

Should you keep hold of UK investments in Spain?
Wednesday, 15 September 2021

Expatriates often prefer to keep UK investments like Premium Bonds, ISAs, savings accounts, bonds and shares, but do they make financial sense for residents of Spain?

However well we have settled into our new lives in Spain, most UK nationals living here maintain some British habits. Whether it is a Sunday roast, following the football or watching British soaps, there are some ties we do not want to lose.

The same often applies for UK savings and investments. While many expatriates prefer to stick with what’s familiar, just how suitable are these arrangements for Spain?

Should you transfer UK pensions overseas? The pros and cons of QROPS
Wednesday, 15 September 2021

While transferring to a QROPS can offer tax efficiency, estate planning flexibility and currency benefits for UK expatriates, is it suitable for everyone?

One of the many UK pension options for British expatriates today is transferring to a Qualifying Recognised Overseas Pension Scheme (QROPS). Despite being widely seen as the answer for expatriate retirees, QROPS are by no means a one-size-fits-all solution.

What is a QROPS?

QROPS is a label for foreign pension schemes that meet HM Revenue & Customs (HMRC) rules to receive transfers from UK-registered pension funds. Introduced in 2006, this enables British expatriates to simplify their affairs by taking their pensions with them. Schemes only make the HMRC list if they meet similar conditions to UK pensions, such as not being generally accessible before age 55.

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