Transact adds onshore bond to tax wrapper range

Transact has added to its range of tax wrappers with the launch of an onshore bond. The wrapper is ...

Transact has added to its range of tax wrappers with the launch of an onshore bond. The wrapper is open to advisers from today and runs alongside the Isa, Pep, pension and offshore bonds already available. Intermediaries will be able to choose from any UK domiciled fund, investment trust or exchange traded fund. Transact's head of marketing Malcolm Murray said the onshore bond is different from other wrappers on the market as it will not use life and pension mirrors when buying funds. Minimum investment on the bond is £5,000 or £1,000 plus ongoing contributions of at least £200 per mont...