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Transact Technical Centre

Welcome to the Technical Centre, giving you access to insights and articles from our experienced Technical Team. You can filter all articles by topic using the dropdown menu to the right.
Normal Minimum Pension Age transitional provisions
HMRC published Pension Schemes Newsletter 180 in April 2026, providing the first detailed — if still provisional — guidance on the transitional regulations that will...
FCA CP26/10: Simplifying the pensions and investment advice rules
On 25 March 2026, the FCA published Consultation Paper CP26/10: Simplifying the Pensions and Investment Advice Rules. This paper builds on the long-running Advice Guidance...
The increase in IHT receipts exposed
Earlier this month you may have seen that Transact featured in the lead article in the Sunday Times Money Section over the Easter weekend. The...
The Money Purchase Annual Allowance (MPAA) and how to avoid it
The Money Purchase Annual Allowance (MPAA) was introduced alongside the 2015 ‘freedom and choice’ reforms. Its purpose is to prevent "pension recycling"—where individuals access their...
Timing tax-free cash: a refresh of LSA and LSDBA
Each year, we have seen an increase in clients taking their tax-free cash (TFC) ahead of the Autumn Budget. While autumn might feel distant, the...
Investment bonds, top slicing and the personal savings allowance
Top slicing relief (TSR) for bond chargeable gains is a useful, if somewhat complex, income tax planning tool for bonds held by individuals. The relief...
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