We are pleased to share that Transact has expanded its range of cash and fixed income solutions – welcoming Lloyds International to the list of underlying depositor banks that clients may choose from when considering an Offshore Bond Term Deposit.
Designed for clients seeking certainty over returns within a tax-efficient investment wrapper, the Offshore Bond Term Deposit brings together the simplicity of a fixed-term deposit and the flexibility of an offshore bond structure. It may be particularly relevant for clients with complex tax considerations or international financial interests.
The deposit component provides a fixed rate of return over a pre-agreed term, helping clients secure certainty in an evolving interest rate environment. While the product is held within a Transact offshore bond, the underlying capital is deposited with Lloyds International, with interest known in advance, supporting cashflow planning and portfolio stability.
Within the offshore bond structure, clients may benefit from potential tax deferral, allowing returns to roll up gross without immediate UK income tax liability. This can support long-term compounding and provide greater flexibility around the timing of withdrawals, subject to individual circumstances and tax treatment.
Available seamlessly through Transact, the Offshore Bond Term Deposit can be incorporated into existing client portfolios alongside other investments, providing a straightforward way to diversify holdings with a fixed-return component. A range of term options and fixed rates are expected to support a variety of client objectives and investment time horizons.
This launch reflects our ongoing commitment to providing advisers with access to high-quality solutions through the Transact platform. By combining the tax-planning features of a Transact offshore bond with deposits placed with Lloyds International, this new offering provides an additional option to help advisers deliver tailored client-focused advice.
If you would like to learn more, please contact your regional Adviser Support Manager (ASM).