Transact has onshore bond tax wrap

It follows the pattern of tax wrappers Transact already offers, and advisers are able to choose any UK domiciled collective investments as well as investment trusts and exchange traded funds. The ultimate value realised on the IntegraLife issued onshore bonds will be reduced by a tax charge on gains and income. The charge is initially set at 18%, while the bond’s estimated ultimate value will soon be available on a client's valuation page. Transact says the addition has been requested by many advisers. “UK investors may currently be holding bonds that bear little relation to the goals o...