Ascentric extends tax wrapper offering

A Section 32 buy out bond is designed to allow clients in occupational pensions, both defined benefit and money purchase, to transfer benefits without losing any protected tax-free cash lump sum or retirement age. Sanlam's TPP, currently only available through Ascentric, is the first Section 32 to be offered on the platform. The TPP, which Ascentric said is one of the few self invested Section 32 products on the market, allows clients to fully self invest all of their protected rights, non protected rights, and Section 9 (2B) rights in assets via the platform. The wrapper is aimed ...