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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.
Investment bonds and pensions – a longstanding relationship
Whilst paying tax is an inevitable consequence of a well-managed investment strategy, the ability to reduce any tax liability at the same time as boosting...
Flexibility and ISAs: Current rules and planning opportunities
In her Mansion House speech, Chancellor Rachel Reeves confirmed that the ISA allowance will remain unchanged for now, following pushback from building societies and other...
IHT and pensions – further clarity and procedural update
The announcement in last October’s Budget that ‘unspent pension funds’ would be in scope for inheritance tax (IHT) from April 2027 has caused considerable reflection...
Lifetime ISA – views of the Treasury Select Committee
In the March 2025 Adviser Update, we highlighted the use cases for the Lifetime ISA (LISA) and that a Treasury Select Committee (TSC) was requesting...
Pension commencement lump sums for individuals with Enhanced or Primary Protection
With the introduction of the Lump Sum Allowance (LSA) and the Lump Sum and Death Benefit Allowance (LSDBA) we have new methods for testing the...
A Study In Gifting – What Now For Assets That Qualify For Business And Agricultural Relief?
Last autumn’s Budget announced a maximum allowance of £1m per person for qualifying business and agricultural assets that will receive 100% IHT relief with effect...