diff --git a/neo4j/session_with_context.go b/neo4j/session_with_context.go
index 790104bf..4b560a19 100644
--- a/neo4j/session_with_context.go
+++ b/neo4j/session_with_context.go
@@ -265,6 +265,18 @@ func (s *sessionWithContext) BeginTransaction(ctx context.Context, configurers .
 	return s.explicitTx, nil
 }
 
+func (s *sessionWithContext) ExecuteRead(ctx context.Context,
+	work ManagedTransactionWork, configurers ...func(*TransactionConfig)) (interface{}, error) {
+
+	return s.runRetriable(ctx, db.ReadMode, work, configurers...)
+}
+
+func (s *sessionWithContext) ExecuteWrite(ctx context.Context,
+	work ManagedTransactionWork, configurers ...func(*TransactionConfig)) (interface{}, error) {
+
+	return s.runRetriable(ctx, db.WriteMode, work, configurers...)
+}
+
 func (s *sessionWithContext) runRetriable(
 	ctx context.Context,
 	mode db.AccessMode,
@@ -308,58 +320,11 @@ func (s *sessionWithContext) runRetriable(
 		},
 	}
 	for state.Continue() {
-		// Establish new connection
-		conn, err := s.getConnection(ctx, mode)
-		if err != nil {
-			state.OnFailure(conn, err, false)
+		if tryAgain, result := s.executeTransactionFunction(ctx, mode, config, &state, work); tryAgain {
 			continue
+		} else {
+			return result, nil
 		}
-
-		// Begin transaction
-		txHandle, err := conn.TxBegin(ctx,
-			db.TxConfig{
-				Mode:             mode,
-				Bookmarks:        s.bookmarks,
-				Timeout:          config.Timeout,
-				Meta:             config.Metadata,
-				ImpersonatedUser: s.impersonatedUser,
-			})
-		if err != nil {
-			state.OnFailure(conn, err, false)
-			s.pool.Return(ctx, conn)
-			continue
-		}
-
-		// Construct a transaction like thing for client to execute stuff on
-		// and invoke the client work function.
-		tx := managedTransaction{conn: conn, fetchSize: s.fetchSize, txHandle: txHandle}
-		x, err := work(&tx)
-		// Evaluate the returned error from all the work for retryable, this means
-		// that client can mess up the error handling.
-		if err != nil {
-			// If the client returns a client specific error that means that
-			// client wants to rollback. We don't do an explicit rollback here
-			// but instead rely on the pool invoking reset on the connection,
-			// that will do an implicit rollback.
-			state.OnFailure(conn, err, false)
-			s.pool.Return(ctx, conn)
-			continue
-		}
-
-		// Commit transaction
-		err = conn.TxCommit(ctx, txHandle)
-		if err != nil {
-			state.OnFailure(conn, err, true)
-			s.pool.Return(ctx, conn)
-			continue
-		}
-
-		// Collect bookmark and return connection to pool
-		s.retrieveBookmarks(conn)
-		s.pool.Return(ctx, conn)
-
-		// All well
-		return x, nil
 	}
 
 	// When retries has occurred wrap the error, the last error is always added but
@@ -378,16 +343,54 @@ func (s *sessionWithContext) runRetriable(
 	return nil, err
 }
 
-func (s *sessionWithContext) ExecuteRead(ctx context.Context,
-	work ManagedTransactionWork, configurers ...func(*TransactionConfig)) (interface{}, error) {
+func (s *sessionWithContext) executeTransactionFunction(
+	ctx context.Context,
+	mode db.AccessMode,
+	config TransactionConfig,
+	state *retry.State,
+	work ManagedTransactionWork) (bool, any) {
 
-	return s.runRetriable(ctx, db.ReadMode, work, configurers...)
-}
+	conn, err := s.getConnection(ctx, mode)
+	if err != nil {
+		state.OnFailure(conn, err, false)
+		return true, nil
+	}
 
-func (s *sessionWithContext) ExecuteWrite(ctx context.Context,
-	work ManagedTransactionWork, configurers ...func(*TransactionConfig)) (interface{}, error) {
+	// handle transaction function panic as well
+	defer s.pool.Return(ctx, conn)
 
-	return s.runRetriable(ctx, db.WriteMode, work, configurers...)
+	txHandle, err := conn.TxBegin(ctx,
+		db.TxConfig{
+			Mode:             mode,
+			Bookmarks:        s.bookmarks,
+			Timeout:          config.Timeout,
+			Meta:             config.Metadata,
+			ImpersonatedUser: s.impersonatedUser,
+		})
+	if err != nil {
+		state.OnFailure(conn, err, false)
+		return true, nil
+	}
+
+	tx := managedTransaction{conn: conn, fetchSize: s.fetchSize, txHandle: txHandle}
+	x, err := work(&tx)
+	if err != nil {
+		// If the client returns a client specific error that means that
+		// client wants to rollback. We don't do an explicit rollback here
+		// but instead rely on the pool invoking reset on the connection,
+		// that will do an implicit rollback.
+		state.OnFailure(conn, err, false)
+		return true, nil
+	}
+
+	err = conn.TxCommit(ctx, txHandle)
+	if err != nil {
+		state.OnFailure(conn, err, true)
+		return true, nil
+	}
+
+	s.retrieveBookmarks(conn)
+	return false, x
 }
 
 func (s *sessionWithContext) getServers(ctx context.Context, mode db.AccessMode) ([]string, error) {
diff --git a/neo4j/session_with_context_test.go b/neo4j/session_with_context_test.go
index 61b45761..57e0a7e2 100644
--- a/neo4j/session_with_context_test.go
+++ b/neo4j/session_with_context_test.go
@@ -35,6 +35,9 @@ import (
 	"github.com/neo4j/neo4j-go-driver/v5/neo4j/log"
 )
 
+type transactionFunc func(context.Context, ManagedTransactionWork, ...func(*TransactionConfig)) (any, error)
+type transactionFuncApi func(session SessionWithContext) transactionFunc
+
 func TestSession(st *testing.T) {
 	logger := log.Console{Errors: true, Infos: true, Warns: true, Debugs: true}
 	boltLogger := log.ConsoleBoltLogger{}
@@ -71,7 +74,7 @@ func TestSession(st *testing.T) {
 
 	tokenExpiredErr := &db.Neo4jError{Code: "Neo.ClientError.Security.TokenExpired", Msg: "oopsie whoopsie"}
 
-	st.Run("Retry mechanism", func(rt *testing.T) {
+	st.Run("Transaction Functions", func(rt *testing.T) {
 		// Checks that retries occur on database error and that it stops retrying after a certain
 		// amount of time and that connections are returned to pool upon failure.
 		rt.Run("Consistent transient error", func(t *testing.T) {
@@ -163,6 +166,33 @@ func TestSession(st *testing.T) {
 			AssertStringEqual(t, mydb, conn.DatabaseName)
 			AssertIntEqual(t, numDefaultDbLookups, 1)
 		})
+
+		transactionFunctions := map[string]transactionFuncApi{
+			"read tx func":  func(s SessionWithContext) transactionFunc { return s.ExecuteRead },
+			"write tx func": func(s SessionWithContext) transactionFunc { return s.ExecuteWrite },
+		}
+
+		for name, txFuncApi := range transactionFunctions {
+			rt.Run(fmt.Sprintf("Implicitly rolls back when a %s panics without retry", name), func(t *testing.T) {
+				_, pool, sess := createSessionFromConfig(SessionConfig{})
+				pool.BorrowConn = &ConnFake{Alive: true}
+				poolReturnCalled := 0
+				pool.ReturnHook = func() {
+					poolReturnCalled++
+				}
+				panicBubblesUp := false
+				func() {
+					defer func() {
+						panicBubblesUp = recover() != nil
+					}()
+					_, _ = txFuncApi(sess)(context.Background(), func(tx ManagedTransaction) (interface{}, error) {
+						panic("oopsie")
+					})
+				}()
+				AssertIntEqual(t, poolReturnCalled, 1)
+				AssertTrue(t, panicBubblesUp)
+			})
+		}
 	})
 
 	st.Run("Bookmarking", func(bt *testing.T) {