Effective, Post-Tax Yield Comparison for UK Gilts
UK tax residents are typically exempt from Capital Gains Tax (CGT) on gilts, while coupons are subject to Income Tax.
For individual taxpayers, it is therefore preferable to purchase gilts with low coupons in most cases.
However, likely due to this tax advantage, gilts with lower coupons tend to trade at a lower yield than those with higher coupons.
This page allows you to compare the current effective yield of different bonds for a given Income Tax rate, helping you optimize your gilt portfolio to suit your situation.
NB: Index-Linked Gilts are not included given that their future cash flows are dependent on future RPI growth which prevent to have an accurate net yield computation.
Disclaimers:
- This tax regime applies to an individual UK tax resident.
- This tool is intended for informational purposes only, and we do not guarantee the accuracy of the data.
- The data presented on this page is not a substitute for professional tax advice, and users should not rely on it when making any investment or financial decisions.
| Ticker | Name | ISIN | Maturity Date | Coupon | YTM - 0% tax | YTM - 20% tax | YTM - 40% tax | YTM - 45% tax |
|---|---|---|---|---|---|---|---|---|
| TS34 | 4¼% Treasury Gilt 2034 | GB00BQC82C90 | 2034-07-31 | 4.25% | 4.64% | 3.76% | 2.88% | 2.66% |
| TG40 | 4 3/8% Treasury Gilt 2040 | GB00BQC82D08 | 2040-01-31 | 4.38% | 4.94% | 4.02% | 3.11% | 2.88% |
| TG47 | 1½% Treasury Gilt 2047 | GB00BDCHBW80 | 2047-07-22 | 1.50% | 5.10% | 4.65% | 4.20% | 4.09% |
| TG46 | 0 7/8% Treasury Gilt 2046 | GB00BNNGP775 | 2046-01-31 | 0.88% | 5.09% | 4.81% | 4.53% | 4.46% |
| TG44 | 3¼% Treasury Gilt 2044 | GB00B84Z9V04 | 2044-01-22 | 3.25% | 5.14% | 4.36% | 3.59% | 3.40% |
| TG41 | 1¼ % Treasury Gilt 2041 | GB00BJQWYH73 | 2041-10-22 | 1.25% | 4.97% | 4.62% | 4.27% | 4.18% |
| TN25 | 0¼% Treasury Gilt 2025 | GB00BLPK7110 | 2025-01-31 | 0.25% | 4.47% | 4.42% | 4.37% | 4.35% |
| TG49 | 1¾% Treasury Gilt 2049 | GB00BFWFPP71 | 2049-01-22 | 1.75% | 5.11% | 4.58% | 4.07% | 3.94% |
| TS29 | 4 1/8% Treasury Gilt 2029 | GB00BQC82B83 | 2029-07-22 | 4.12% | 4.38% | 3.53% | 2.69% | 2.48% |
| TS28 | 4½% Treasury Gilt 2028 | GB00BMF9LG83 | 2028-06-07 | 4.50% | 4.36% | 3.44% | 2.53% | 2.31% |
| TS27 | 3¾% Treasury Gilt 2027 | GB00BPSNB460 | 2027-03-07 | 3.75% | 4.38% | 3.61% | 2.84% | 2.65% |
| TG37 | 1¾% Treasury Gilt 2037 | GB00BZB26Y51 | 2037-09-07 | 1.75% | 4.79% | 4.36% | 3.93% | 3.82% |
| TG35 | 0 5/8% Treasury Gilt 2035 | GB00BMGR2916 | 2035-07-31 | 0.63% | 4.67% | 4.51% | 4.35% | 4.31% |
| TG33 | 0 7/8% Green Gilt 2033 | GB00BM8Z2S21 | 2033-07-31 | 0.88% | 4.55% | 4.34% | 4.12% | 4.07% |
| TG32 | 1% Treasury Gilt 2032 | GB00BM8Z2T38 | 2032-01-31 | 1.00% | 4.42% | 4.19% | 3.96% | 3.90% |
| TG31 | 0¼% Treasury Gilt 2031 | GB00BMGR2809 | 2031-07-31 | 0.25% | 4.32% | 4.26% | 4.20% | 4.19% |
| TG30 | 0 3/8% Treasury Gilt 2030 | GB00BL68HH02 | 2030-10-22 | 0.38% | 4.27% | 4.18% | 4.09% | 4.07% |
| TG38 | 3¾% Treasury Gilt 2038 | GB00BQC4R999 | 2038-01-29 | 3.75% | 4.84% | 4.03% | 3.22% | 3.01% |
| TR39 | 1 1/8% Treasury Gilt 2039 | GB00BLPK7334 | 2039-01-31 | 1.13% | 4.86% | 4.56% | 4.26% | 4.19% |
| TR38 | 4¾% Treasury Stock 2038 | GB00B00NY175 | 2038-12-07 | 4.75% | 4.89% | 3.92% | 2.94% | 2.70% |
| TG61 | 0½% Treasury Gilt 2061 | GB00BMBL1D50 | 2061-10-22 | 0.50% | 4.60% | 4.37% | 4.15% | 4.10% |
| TE28 | 4 3/8% Treasury Gilt 2028 | GB00BSQNRC93 | 2028-03-07 | 4.38% | 4.21% | 3.36% | 2.51% | 2.29% |
| TG65 | 2½% Treasury Gilt 2065 | GB00BYYMZX75 | 2065-07-22 | 2.50% | 5.05% | 4.28% | 3.53% | 3.34% |
| TR43 | 4¾% Treasury Gilt 2043 | GB00BPJJKP77 | 2043-10-22 | 4.75% | 5.13% | 4.13% | 3.14% | 2.89% |
| TR29 | 0 7/8% Treasury Gilt 2029 | GB00BJMHB534 | 2029-10-22 | 0.88% | 4.21% | 4.02% | 3.82% | 3.77% |
| TR28 | 6% Treasury Stock 2028 | GB0002404191 | 2028-12-07 | 6.00% | 4.20% | 3.02% | 1.85% | 1.56% |
| TR27 | 4¼% Treasury Gilt 2027 | GB00B16NNR78 | 2027-12-07 | 4.25% | 4.20% | 3.33% | 2.47% | 2.26% |
| TR25 | 5% Treasury Stock 2025 | GB0030880693 | 2025-03-07 | 5.00% | 4.55% | 3.52% | 2.51% | 2.26% |
| TN28 | 0 1/8% Treasury Gilt 2028 | GB00BMBL1G81 | 2028-01-31 | 0.13% | 4.09% | 4.06% | 4.04% | 4.03% |
| TG50 | 0 5/8% Treasury Gilt 2050 | GB00BMBL1F74 | 2050-10-22 | 0.63% | 5.01% | 4.78% | 4.55% | 4.49% |
| TG57 | 1¾% Treasury Gilt 2057 | GB00BD0XH204 | 2057-07-22 | 1.75% | 5.05% | 4.47% | 3.90% | 3.76% |
| TG53 | 1½% Green Gilt 2053 | GB00BM8Z2V59 | 2053-07-31 | 1.50% | 5.12% | 4.62% | 4.13% | 4.01% |
| T51A | 1¼% Treasury Gilt 2051 | GB00BLH38158 | 2051-07-31 | 1.25% | 5.11% | 4.69% | 4.28% | 4.17% |
| TR34 | 4½% Treasury Gilt 2034 | GB00B52WS153 | 2034-09-07 | 4.50% | 4.62% | 3.70% | 2.78% | 2.55% |
| TR33 | 3¼% Treasury Gilt 2033 | GB00BMV7TC88 | 2033-01-31 | 3.25% | 4.55% | 3.86% | 3.16% | 2.99% |
| TR32 | 4¼% Treasury Stock 2032 | GB0004893086 | 2032-06-07 | 4.25% | 4.43% | 3.55% | 2.69% | 2.47% |
| TR30 | 4¾% Treasury Gilt 2030 | GB00B24FF097 | 2030-12-07 | 4.75% | 4.33% | 3.38% | 2.43% | 2.19% |
| T26A | 0 3/8% Treasury Gilt 2026 | GB00BNNGP668 | 2026-10-22 | 0.38% | 4.15% | 4.07% | 3.99% | 3.97% |
| T25 | 2% Treasury Gilt 2025 | GB00BTHH2R79 | 2025-09-07 | 2.00% | 4.46% | 4.05% | 3.64% | 3.54% |
| T26 | 0 1/8% Treasury Gilt 2026 | GB00BL68HJ26 | 2026-01-30 | 0.13% | 3.92% | 3.89% | 3.86% | 3.86% |
| TR63 | 4% Treasury Gilt 2063 | GB00BMF9LF76 | 2063-10-22 | 4.00% | 5.13% | 4.18% | 3.24% | 3.01% |
| TR60 | 4% Treasury Gilt 2060 | GB00B54QLM75 | 2060-01-22 | 4.00% | 5.13% | 4.19% | 3.26% | 3.03% |
| TG71 | 1 5/8% Treasury Gilt 2071 | GB00BFMCN652 | 2071-10-22 | 1.63% | 4.77% | 4.15% | 3.55% | 3.40% |
| TY25 | 3½% Treasury Gilt 2025 | GB00BPCJD880 | 2025-10-22 | 3.50% | 4.52% | 3.80% | 3.08% | 2.91% |
| T30 | 4 3/8% Treasury Gilt 2030 | GB00BSQNRD01 | 2030-03-07 | 4.38% | 4.35% | 3.47% | 2.60% | 2.38% |
| T31 | 4% Treasury Gilt 2031 | GB00BPSNBF73 | 2031-10-22 | 4.00% | 4.47% | 3.64% | 2.82% | 2.61% |
| T34 | 4 5/8% Treasury Gilt 2034 | GB00BPJJKN53 | 2034-01-31 | 4.63% | 4.63% | 3.69% | 2.75% | 2.51% |
| TR54 | 1 5/8% Treasury Gilt 2054 | GB00BJLR0J16 | 2054-10-22 | 1.63% | 5.11% | 4.57% | 4.04% | 3.91% |
| T39 | 4¼% Treasury Gilt 2039 | GB00B3KJDS62 | 2039-09-07 | 4.25% | 4.94% | 4.04% | 3.14% | 2.91% |
| TR4Q | 4¼% Treasury Gilt 2055 | GB00B06YGN05 | 2055-12-07 | 4.25% | 5.18% | 4.22% | 3.27% | 3.03% |
| TG26 | 1½% Treasury Gilt 2026 | GB00BYZW3G56 | 2026-07-22 | 1.50% | 4.22% | 3.90% | 3.59% | 3.51% |
| T40 | 4¼% Treasury Gilt 2040 | GB00B6460505 | 2040-12-07 | 4.25% | 5.01% | 4.09% | 3.19% | 2.96% |
| TG25 | 0 5/8% Treasury Gilt 2025 | GB00BK5CVX03 | 2025-06-07 | 0.63% | 4.36% | 4.23% | 4.10% | 4.07% |
| T42 | 4½% Treasury Gilt 2042 | GB00B1VWPJ53 | 2042-12-07 | 4.50% | 5.08% | 4.13% | 3.17% | 2.94% |
| T45 | 3½% Treasury Gilt 2045 | GB00BN65R313 | 2045-01-22 | 3.50% | 5.15% | 4.33% | 3.51% | 3.31% |
| T46 | 4¼% Treasury Gilt 2046 | GB00B128DP45 | 2046-12-07 | 4.25% | 5.18% | 4.24% | 3.30% | 3.07% |
| T49 | 4¼% Treasury Gilt 2049 | GB00B39R3707 | 2049-12-07 | 4.25% | 5.19% | 4.24% | 3.30% | 3.06% |
| TG29 | 0½% Treasury Gilt 2029 | GB00BLPK7227 | 2029-01-31 | 0.50% | 4.23% | 4.11% | 4.00% | 3.98% |
| TG28 | 1 5/8% Treasury Gilt 2028 | GB00BFX0ZL78 | 2028-10-22 | 1.63% | 4.19% | 3.84% | 3.49% | 3.41% |
| TG27 | 1¼% Treasury Gilt 2027 | GB00BDRHNP05 | 2027-07-22 | 1.25% | 4.20% | 3.93% | 3.67% | 3.60% |
| TR68 | 3½% Treasury Gilt 2068 | GB00BBJNQY21 | 2068-07-22 | 3.50% | 5.07% | 4.16% | 3.27% | 3.05% |
| T27A | 4 1/8% Treasury Gilt 2027 | GB00BL6C7720 | 2027-01-29 | 4.13% | 4.37% | 3.53% | 2.69% | 2.48% |
| T4Q | 4¼% Treasury Stock 2036 | GB0032452392 | 2036-03-07 | 4.25% | 4.74% | 3.85% | 2.97% | 2.75% |
| T52 | 3¾% Treasury Gilt 2052 | GB00B6RNH572 | 2052-07-22 | 3.75% | 5.19% | 4.30% | 3.41% | 3.19% |
| T54 | 4 3/8% Treasury Gilt 2054 | GB00BPSNBB36 | 2054-07-31 | 4.38% | 5.21% | 4.24% | 3.27% | 3.03% |
| T53 | 3¾% Treasury Gilt 2053 | GB00BPCJD997 | 2053-10-22 | 3.75% | 5.20% | 4.30% | 3.41% | 3.19% |
| TR73 | 1 1/8% Treasury Gilt 2073 | GB00BLBDX619 | 2073-10-22 | 1.13% | 4.49% | 4.01% | 3.54% | 3.42% |