Post-tax yield comparison
70 conventional gilts, at four income tax rates
UK tax residents are typically exempt from Capital Gains Tax on gilts, while the coupons are subject to Income Tax. For an individual taxpayer it is therefore usually preferable to hold gilts with low coupons — and, likely because of that advantage, low-coupon gilts tend to trade at a lower gross yield than high-coupon ones.
This page compares the effective yield of every conventional gilt at a given income tax rate, so you can see which side of that trade-off suits your own position.
Disclaimers.
- This tax treatment applies to an individual UK tax resident.
- Informational only; we do not guarantee the accuracy of the data.
- Not a substitute for professional tax advice.
Effective yield by tax band
| Gilt | Coupon | Matures | YTM · 0% | YTM · 20% | YTM · 40% | YTM · 45% |
|---|---|---|---|---|---|---|
| 4 1/8% Treasury Gilt 2029 TS29 · GB00BQC82B83 | 4.125% | 2029-07-22 | 4.56% | 3.72% | 2.87% | 2.66% |
| 4¼% Treasury Stock 2032 TR32 · GB0004893086 | 4.250% | 2032-06-07 | 4.73% | 3.85% | 2.97% | 2.75% |
| 4 5/8% Green Gilt 2037 T37H · GB00BVP99905 | 4.625% | 2037-03-07 | 5.26% | 4.29% | 3.32% | 3.08% |
| 4¼% Treasury Gilt 2055 TR4Q · GB00B06YGN05 | 4.250% | 2055-12-07 | 5.86% | 4.83% | 3.80% | 3.55% |
| 3¾% Treasury Gilt 2053 T53 · GB00BPCJD997 | 3.750% | 2053-10-22 | 5.88% | 4.92% | 3.97% | 3.73% |
| 1 1/8% Treasury Gilt 2039 TR39 · GB00BLPK7334 | 1.125% | 2039-01-31 | 5.40% | 5.10% | 4.80% | 4.73% |
| 0 7/8% Treasury Gilt 2046 TG46 · GB00BNNGP775 | 0.875% | 2046-01-31 | 5.81% | 5.52% | 5.23% | 5.16% |
| 2½% Treasury Gilt 2065 TG65 · GB00BYYMZX75 | 2.500% | 2065-07-22 | 5.77% | 4.91% | 4.09% | 3.89% |
| 4 7/8% Treasury Gilt 2036 T36N · GB00BWBR1N39 | 4.875% | 2036-07-31 | 5.20% | 4.19% | 3.19% | 2.94% |
| 0¼% Treasury Gilt 2031 TG31 · GB00BMGR2809 | 0.250% | 2031-07-31 | 4.59% | 4.53% | 4.48% | 4.46% |
| 0 1/8% Treasury Gilt 2028 TN28 · GB00BMBL1G81 | 0.125% | 2028-01-31 | 4.14% | 4.11% | 4.09% | 4.08% |
| 4 3/8% Treasury Gilt 2030 T30 · GB00BSQNRD01 | 4.375% | 2030-03-07 | 4.61% | 3.72% | 2.82% | 2.60% |
| 4¼% Treasury Stock 2036 T4Q · GB0032452392 | 4.250% | 2036-03-07 | 5.16% | 4.25% | 3.35% | 3.13% |
| 0 7/8% Treasury Gilt 2029 TR29 · GB00BJMHB534 | 0.875% | 2029-10-22 | 4.51% | 4.32% | 4.13% | 4.08% |
| 1 5/8% Treasury Gilt 2054 TR54 · GB00BJLR0J16 | 1.625% | 2054-10-22 | 5.89% | 5.30% | 4.73% | 4.59% |
| 4½% Treasury Gilt 2034 TR34 · GB00B52WS153 | 4.500% | 2034-09-07 | 4.98% | 4.05% | 3.12% | 2.88% |
| 4¾% Treasury Gilt 2035 T35V · GB00BTXS1K06 | 4.750% | 2035-10-22 | 5.12% | 4.14% | 3.16% | 2.91% |
| 0 3/8% Treasury Gilt 2026 T26A · GB00BNNGP668 | 0.375% | 2026-10-22 | 3.74% | 3.66% | 3.58% | 3.57% |
| 4 5/8% Treasury Gilt 2034 T34 · GB00BPJJKN53 | 4.625% | 2034-01-31 | 4.94% | 3.98% | 3.03% | 2.80% |
| 4¾% Treasury Gilt 2043 TR43 · GB00BPJJKP77 | 4.750% | 2043-10-22 | 5.71% | 4.67% | 3.64% | 3.38% |
| 1¼% Treasury Gilt 2051 T51A · GB00BLH38158 | 1.250% | 2051-07-31 | 5.91% | 5.46% | 5.02% | 4.91% |
| 4¼% Treasury Gilt 2040 T40 · GB00B6460505 | 4.250% | 2040-12-07 | 5.53% | 4.58% | 3.65% | 3.42% |
| 4 1/8% Treasury Gilt 2027 T27A · GB00BL6C7720 | 4.125% | 2027-01-29 | 4.08% | 3.24% | 2.42% | 2.21% |
| 3½% Treasury Gilt 2045 T45 · GB00BN65R313 | 3.500% | 2045-01-22 | 5.76% | 4.90% | 4.05% | 3.84% |
| 4% Treasury Gilt 2060 TR60 · GB00B54QLM75 | 4.000% | 2060-01-22 | 5.84% | 4.81% | 3.81% | 3.56% |
| 1¾% Treasury Gilt 2049 TG49 · GB00BFWFPP71 | 1.750% | 2049-01-22 | 5.85% | 5.30% | 4.75% | 4.62% |
| 4¼% Treasury Gilt 2049 T49 · GB00B39R3707 | 4.250% | 2049-12-07 | 5.83% | 4.82% | 3.82% | 3.58% |
| 1% Treasury Gilt 2032 TG32 · GB00BM8Z2T38 | 1.000% | 2032-01-31 | 4.74% | 4.51% | 4.28% | 4.23% |
| 1 5/8% Treasury Gilt 2028 TG28 · GB00BFX0ZL78 | 1.625% | 2028-10-22 | 4.41% | 4.07% | 3.73% | 3.64% |
| 4% Treasury Gilt 2031 T31 · GB00BPSNBF73 | 4.000% | 2031-10-22 | 4.71% | 3.88% | 3.05% | 2.84% |
| 4¾% Treasury Stock 2038 TR38 · GB00B00NY175 | 4.750% | 2038-12-07 | 5.39% | 4.38% | 3.38% | 3.14% |
| 3¾% Treasury Gilt 2027 TS27 · GB00BPSNB460 | 3.750% | 2027-03-07 | 4.16% | 3.39% | 2.63% | 2.44% |
| 4% Treasury Gilt 2029 T29K · GB00BVP99566 | 4.000% | 2029-05-22 | 4.57% | 3.74% | 2.92% | 2.72% |
| 4½% Treasury Gilt 2028 TS28 · GB00BMF9LG83 | 4.500% | 2028-06-07 | 4.47% | 3.56% | 2.64% | 2.42% |
| 1 1/8% Treasury Gilt 2073 TR73 · GB00BLBDX619 | 1.125% | 2073-10-22 | 5.41% | 4.82% | 4.27% | 4.14% |
| 4¼% Treasury Gilt 2027 TR27 · GB00B16NNR78 | 4.250% | 2027-12-07 | 4.35% | 3.48% | 2.62% | 2.40% |
| 1¼% Treasury Gilt 2027 TG27 · GB00BDRHNP05 | 1.250% | 2027-07-22 | 4.27% | 4.00% | 3.74% | 3.68% |
| 3¾% Treasury Gilt 2038 TG38 · GB00BQC4R999 | 3.750% | 2038-01-29 | 5.36% | 4.52% | 3.69% | 3.49% |
| 0 3/8% Treasury Gilt 2030 TG30 · GB00BL68HH02 | 0.375% | 2030-10-22 | 4.54% | 4.46% | 4.38% | 4.35% |
| 4 3/8% Treasury Gilt 2054 T54 · GB00BPSNBB36 | 4.375% | 2054-07-31 | 5.89% | 4.84% | 3.80% | 3.55% |
| 4 5/8% Treasury Gilt 2032 T32H · GB00BWGDRG14 | 4.625% | 2032-03-07 | 4.75% | 3.81% | 2.86% | 2.63% |
| 4½% Treasury Gilt 2042 T42 · GB00B1VWPJ53 | 4.500% | 2042-12-07 | 5.64% | 4.65% | 3.66% | 3.41% |
| 5¼% Treasury Gilt 2041 T41F · GB00BVP99897 | 5.250% | 2041-01-31 | 5.55% | 4.46% | 3.37% | 3.10% |
| 4% Treasury Gilt 2063 TR63 · GB00BMF9LF76 | 4.000% | 2063-10-22 | 5.83% | 4.79% | 3.77% | 3.52% |
| 1¾% Treasury Gilt 2037 TG37 · GB00BZB26Y51 | 1.750% | 2037-09-07 | 5.30% | 4.86% | 4.43% | 4.32% |
| 4 1/8% Treasury Gilt 2033 T33H · GB00BVP99780 | 4.125% | 2033-03-07 | 4.86% | 4.00% | 3.14% | 2.92% |
| 0½% Treasury Gilt 2061 TG61 · GB00BMBL1D50 | 0.500% | 2061-10-22 | 5.58% | 5.32% | 5.07% | 5.00% |
| 4½% Treasury Gilt 2035 T35 · GB00BT7J0027 | 4.500% | 2035-03-07 | 5.06% | 4.12% | 3.19% | 2.95% |
| 3¼% Treasury Gilt 2033 TR33 · GB00BMV7TC88 | 3.250% | 2033-01-31 | 4.84% | 4.14% | 3.45% | 3.27% |
| 1 5/8% Treasury Gilt 2071 TG71 · GB00BFMCN652 | 1.625% | 2071-10-22 | 5.54% | 4.83% | 4.15% | 3.99% |
| 4 3/8% Treasury Gilt 2040 TG40 · GB00BQC82D08 | 4.375% | 2040-01-31 | 5.49% | 4.54% | 3.59% | 3.35% |
| 1½% Green Gilt 2053 TG53 · GB00BM8Z2V59 | 1.500% | 2053-07-31 | 5.91% | 5.37% | 4.84% | 4.71% |
| 0½% Treasury Gilt 2029 TG29 · GB00BLPK7227 | 0.500% | 2029-01-31 | 4.43% | 4.32% | 4.21% | 4.18% |
| 0 5/8% Treasury Gilt 2050 TG50 · GB00BMBL1F74 | 0.625% | 2050-10-22 | 5.85% | 5.61% | 5.36% | 5.30% |
| 5 3/8% Treasury Gilt 2056 T56 · GB00BT7J0241 | 5.375% | 2056-01-31 | 5.86% | 4.71% | 3.57% | 3.28% |
| 4 1/8% Treasury Gilt 2031 T31H · GB00BVP99673 | 4.125% | 2031-03-07 | 4.67% | 3.82% | 2.97% | 2.76% |
| 4¼% Treasury Gilt 2039 T39 · GB00B3KJDS62 | 4.250% | 2039-09-07 | 5.45% | 4.52% | 3.59% | 3.36% |
| 3¼% Treasury Gilt 2044 TG44 · GB00B84Z9V04 | 3.250% | 2044-01-22 | 5.74% | 4.93% | 4.13% | 3.93% |
| 4¼% Treasury Gilt 2034 TS34 · GB00BQC82C90 | 4.250% | 2034-07-31 | 4.99% | 4.10% | 3.21% | 2.99% |
| 4 3/8% Treasury Gilt 2028 TE28 · GB00BSQNRC93 | 4.375% | 2028-03-07 | 4.46% | 3.56% | 2.67% | 2.45% |
| 3¾% Treasury Gilt 2052 T52 · GB00B6RNH572 | 3.750% | 2052-07-22 | 5.86% | 4.90% | 3.96% | 3.73% |
| 1¼ % Treasury Gilt 2041 TG41 · GB00BJQWYH73 | 1.250% | 2041-10-22 | 5.57% | 5.21% | 4.86% | 4.77% |
| 1¾% Treasury Gilt 2057 TG57 · GB00BD0XH204 | 1.750% | 2057-07-22 | 5.86% | 5.22% | 4.60% | 4.45% |
| 6% Treasury Stock 2028 TR28 · GB0002404191 | 6.000% | 2028-12-07 | 4.37% | 3.17% | 1.99% | 1.69% |
| 4¾% Treasury Gilt 2030 TR30 · GB00B24FF097 | 4.750% | 2030-12-07 | 4.56% | 3.60% | 2.64% | 2.40% |
| 3½% Treasury Gilt 2068 TR68 · GB00BBJNQY21 | 3.500% | 2068-07-22 | 5.75% | 4.75% | 3.78% | 3.54% |
| 0 5/8% Treasury Gilt 2035 TG35 · GB00BMGR2916 | 0.625% | 2035-07-31 | 5.09% | 4.94% | 4.78% | 4.74% |
| 1½% Treasury Gilt 2047 TG47 · GB00BDCHBW80 | 1.500% | 2047-07-22 | 5.85% | 5.37% | 4.89% | 4.78% |
| 4¼% Treasury Gilt 2046 T46 · GB00B128DP45 | 4.250% | 2046-12-07 | 5.79% | 4.80% | 3.82% | 3.58% |
| 0 7/8% Green Gilt 2033 TG33 · GB00BM8Z2S21 | 0.875% | 2033-07-31 | 4.91% | 4.70% | 4.49% | 4.44% |
No gilts match
All figures assume a T+1 settlement.