👤Sign inAccess your YieldSmart account ★Get PremiumUnlimited alerts · portfolio · charts

UK gilt table — net yield after tax by tax band

Income tax
Cash to investCashiThe £ figures in each gilt's detail show what this cash actually buys at the current price — nominal held = cash ÷ (dirty price ÷ 100).
£
Unused PSAiUnused Personal Savings Allowance — coupon income up to this amount is untaxed (£1,000 basic-rate, £500 higher-rate, £0 additional-rate). Net yields lift toward gross where it applies; leave £0 if your allowance is already used. Because it's a fixed £ amount, its effect depends on the cash amount — a larger holding spreads it thinner, so the net yield eases back toward the full-band figure.
£
What the “Net Yield” column means. The headline Gross Yield is before tax. Net Yield is what you actually keep after income tax at the band you select above — because a gilt's coupon is taxed as income, but its capital gain is exempt from capital gains tax on any disposal — the pull to £100 at redemption, or an earlier sale — while interest accrued since the last coupon is taxed as income when you sell. That's why a low‑coupon gilt trading below par can leave a higher‑ or additional‑rate taxpayer with far more than its gross yield suggests. Compare the Gross and Net columns to see the difference your tax rate makes. From 6 April 2027 tax on savings income, gilt coupons included, rises by 2 percentage points (to 22%, 42% and 47%) — net yields already tax every coupon paid after that date at the higher rate. Net yields tax the coupon in full, so they're conservative — your Personal Savings Allowance may lift the real figure on smaller holdings. The Savings Equiv column shows what a cash savings account would need to pay (gross, before tax) to match each gilt's after-tax return: it's the net yield divided by (1 − your tax rate), using your rate averaged over the gilt's life since savings interest gets the same April 2027 rise. A 40% taxpayer looking at a gilt yielding 4.0% net would need a savings account paying about 6.7% gross to compete — often well above current cash rates, which is why gilts can be especially attractive for higher- and additional-rate taxpayers. .
Type Need it byNeed the money by 📈 Yield curve
Loading latest prices…
Bank Rate 3.75% · Avg savings — · Source: Bank of EnglandBoE
Epic Description / Maturity Coupon Price Chg Gross Yield Net Yield (40%) Real yield Savings Equiv Running Yield Mod. Duration Size £bn Tax Free Gain /£100 ★ 🔔
T27A2027 · 4.125%4 1/8% Treasury Gilt 2027
2027-01-29
4.125%99.97—4.223%2.575%—4.292%4.126%0.2532.4+£0.03
TS272027 · 3.75%3 3/4% Treasury Gilt 2027
2027-03-07
3.75%99.82—4.245%2.743%—4.572%3.757%0.3637.4+£0.18
TG272027 · 1.25%1 1/4% Treasury Gilt 2027
2027-07-22
1.25%97.83—4.272%3.745%—6.326%1.278%0.7241.9+£2.17
T272027 · 1.25%1¼% Index-linked Treasury Gilt 2027
2027-11-22
1.25%101.72—RPI-linked—————14.2CGT-free
TR272027 · 4.25%4 1/4% Treasury Stock 2027
2027-12-07
4.25%99.62—4.601%2.820%—4.796%4.266%1.0633.8+£0.38
TN282028 · 0.125%0 1/8% Treasury Gilt 2028
2028-01-31
0.125%94.90—4.325%4.271%—7.276%0.132%1.2442.3+£5.10
TE282028 · 4.375%4 3/8% Treasury Gilt 2028
2028-03-07
4.375%99.45—4.793%2.973%—5.069%4.399%1.3047.2+£0.55
TS282028 · 4.5%4 1/2% Treasury Gilt 2028
2028-06-07
4.5%99.48—4.836%2.946%—5.032%4.524%1.5135.2+£0.52
T282028 · 0.125%0⅛% Index-linked Treasury Gilt 2028
2028-08-10
0.125%99.75—RPI-linked—————17.9CGT-free
TG282028 · 1.625%1 5/8% Treasury Gilt 2028
2028-10-22
1.625%94.06—4.796%4.086%—6.991%1.728%1.9238.7+£5.94
TR282028 · 6%6% Treasury Stock 2028
2028-12-07
6%102.47—4.754%2.280%—3.903%5.855%1.9320.7−£2.47
TG292029 · 0.5%0 1/2% Treasury Gilt 2029
2029-01-31
0.5%90.96—4.765%4.543%—7.780%0.550%2.2033.6+£9.04
T292029 · 0.125%0⅛% Index-linked Treasury Gilt 2029
2029-03-22
0.125%98.18—RPI-linked—————15.5CGT-free
T29K2029 · 4%4% Treasury Gilt 2029
2029-05-22
4%97.77—4.933%3.232%—5.539%4.091%2.3742.0+£2.23
TS292029 · 4.125%4 1/8% Treasury Gilt 2029
2029-07-22
4.125%97.96—4.929%3.182%—5.456%4.211%2.5338.0+£2.04
TR292029 · 0.875%0 7/8% Treasury Gilt 2029
2029-10-22
0.875%89.03—4.866%4.473%—7.673%0.983%2.8844.6+£10.97
T302030 · 4.375%4 3/8% Treasury Gilt 2030
2030-03-07
4.375%98.18—4.968%3.120%—5.355%4.456%3.0745.2+£1.82
T30K2030 · 4.625%4 5/8% Treasury Gilt 2030
2030-05-22
4.625%98.83—4.987%3.033%—5.207%4.680%3.2310.0+£1.17
T30I2030 · 4.125%4⅛% Index-linked Treasury Stock 2030
2030-07-22
4.125%341.82—RPI-linked—————4.8CGT-free
TG302030 · 0.375%0 3/8% Treasury Gilt 2030
2030-10-22
0.375%83.92—4.861%4.687%—8.050%0.447%3.8742.3+£16.08
TR302030 · 4.75%4 3/4% Treasury Gilt 2030
2030-12-07
4.75%99.42—4.906%2.907%—4.994%4.778%3.6345.8+£0.58
T31H2031 · 4.125%4 1/8% Treasury Gilt 2031
2031-03-07
4.125%96.62—4.996%3.236%—5.560%4.269%3.9139.2+£3.38
TG312031 · 0.25%0 1/4% Treasury Gilt 2031
2031-07-31
0.25%80.56—4.875%4.756%—8.174%0.310%4.6242.6+£19.44
TR312031 · 0.125%0⅛% Index-linked Treasury Gilt 2031
2031-08-10
0.125%95.29—RPI-linked—————17.8CGT-free
T312031 · 4%4% Treasury Gilt 2031
2031-10-22
4%95.58—5.013%3.288%—5.652%4.185%4.4536.6+£4.42
TG322032 · 1%1% Treasury Gilt 2032
2032-01-31
1%81.58—5.028%4.558%—7.836%1.226%4.9836.8+£18.42
T32H2032 · 4.625%4 5/8% Treasury Gilt 2032
2032-03-07
4.625%98.01—5.052%3.094%—5.319%4.719%4.6610.8+£1.99
TR322032 · 4.25%4 1/4% Treasury Stock 2032
2032-06-07
4.25%96.35—5.003%3.181%—5.470%4.411%4.8446.0+£3.65
T322032 · 1.25%1¼% Index-linked Treasury Gilt 2032
2032-11-22
1.25%99.13—RPI-linked—————14.7CGT-free
TR332033 · 3.25%3 1/4% Treasury Gilt 2033
2033-01-31
3.25%90.21—5.095%3.650%—6.278%3.603%5.5034.2+£9.79
T33H2033 · 4.125%4 1/8% Treasury Gilt 2033
2033-03-07
4.125%94.72—5.107%3.324%—5.717%4.355%5.4730.7+£5.28
TG332033 · 0.875%0 7/8% Green Gilt 2033
2033-07-31
0.875%75.94—5.131%4.704%—8.092%1.152%6.3739.8+£24.06
T332033 · 0.75%0¾% Index-linked Treasury Gilt 2033
2033-11-22
0.75%94.53—RPI-linked—————18.1CGT-free
T342034 · 4.625%4 5/8% Treasury Gilt 2034
2034-01-31
4.625%96.80—5.158%3.182%—5.475%4.778%6.0132.5+£3.20
TRTQ2034 · 0.75%0¾% Index-linked Treasury Gilt 2034
2034-03-22
0.75%93.43—RPI-linked—————14.6CGT-free
TS342034 · 4.25%4 1/4% Treasury Gilt 2034
2034-07-31
4.25%94.04—5.192%3.346%—5.758%4.519%6.4236.1+£5.96
TR342034 · 4.5%4 1/2% Treasury Gilt 2034
2034-09-07
4.5%95.70—5.172%3.238%—5.572%4.702%6.4739.9+£4.30
T2IL2035 · 2%2% Index-linked Treasury Stock 2035
2035-01-26
2%242.05—RPI-linked—————9.1CGT-free
T352035 · 4.5%4 1/2% Treasury Gilt 2035
2035-03-07
4.5%94.99—5.247%3.304%—5.686%4.737%6.8040.8+£5.01
TG352035 · 0.625%0 5/8% Treasury Gilt 2035
2035-07-31
0.625%67.87—5.247%4.922%—8.471%0.921%8.2435.6+£32.13
TR352035 · 1.125%1⅛% Index-linked Treasury Gilt 2035
2035-09-22
1.125%94.14—RPI-linked—————22.1CGT-free
T35V2035 · 4.75%4 3/4% Treasury Gilt 2035
2035-10-22
4.75%96.17—5.291%3.250%—5.594%4.939%7.1941.8+£3.83
T4Q2036 · 4.25%4 1/4% Treasury Stock 2036
2036-03-07
4.25%92.41—5.288%3.423%—5.892%4.599%7.5032.4+£7.59
T36N2036 · 4.875%4 7/8% Treasury Gilt 2036
2036-07-31
4.875%96.45—5.345%3.257%—5.607%5.054%7.5542.5+£3.55
TG362036 · 0.125%0⅛% Index-linked Treasury Gilt 2036
2036-11-22
0.125%83.21—RPI-linked—————13.9CGT-free
T37H2037 · 4.625%4 5/8% Green Gilt 2037
2037-03-07
4.625%94.01—5.386%3.376%—5.812%4.920%8.0112.8+£5.99
TG372037 · 1.75%1 3/4% Treasury Gilt 2037
2037-09-07
1.75%70.22—5.412%4.515%—7.774%2.492%9.4232.7+£29.78
TR372037 · 1.125%1⅛% Index-linked Treasury Gilt 2037
2037-11-22
1.125%90.82—RPI-linked—————13.1CGT-free
TG382038 · 3.75%3 3/4% Treasury Gilt 2038
2038-01-29
3.75%85.88—5.444%3.724%—6.412%4.367%8.7632.9+£14.12
T382038 · 1.75%1¾% Index-linked Treasury Gilt 2038
2038-09-22
1.75%96.12—RPI-linked—————14.5CGT-free
TR382038 · 4.75%4 3/4% Treasury Stock 2038
2038-12-07
4.75%93.67—5.471%3.397%—5.850%5.071%8.8228.2+£6.33
TR392039 · 1.125%1 1/8% Treasury Gilt 2039
2039-01-31
1.125%61.51—5.476%4.856%—8.362%1.829%10.8626.0+£38.49
TG392039 · 0.125%0⅛% Index-linked Treasury Gilt 2039
2039-03-22
0.125%77.50—RPI-linked—————14.6CGT-free
T392039 · 4.25%4 1/4% Treasury Gilt 2039
2039-09-07
4.25%88.45—5.515%3.597%—6.194%4.805%9.5025.8+£11.55
TG402040 · 4.375%4 3/8% Treasury Gilt 2040
2040-01-31
4.375%89.01—5.556%3.588%—6.179%4.915%9.6034.1+£10.99
TR402040 · 0.625%0⅝% Index-linked Treasury Gilt 2040
2040-03-22
0.625%81.25—RPI-linked—————14.1CGT-free
T402040 · 4.25%4 1/4% Treasury Gilt 2040
2040-12-07
4.25%87.32—5.558%3.621%—6.236%4.867%10.0128.6+£12.68
T41F2041 · 5.25%5 1/4% Treasury Gilt 2041
2041-01-31
5.25%96.69—5.589%3.340%—5.752%5.430%9.7425.3+£3.31
T412041 · 0.125%0⅛% Index-linked Treasury Gilt 2041
2041-08-10
0.125%73.08—RPI-linked—————12.4CGT-free
TG412041 · 1.25%1 1/4% Treasury Gilt 2041
2041-10-22
1.25%56.28—5.599%4.869%—8.386%2.221%12.7834.6+£43.72
T42A2042 · 0.625%0⅝% Index-linked Treasury Gilt 2042
2042-11-22
0.625%77.16—RPI-linked—————12.6CGT-free
T422042 · 4.5%4 1/2% Treasury Gilt 2042
2042-12-07
4.5%88.01—5.642%3.597%—6.196%5.113%10.7729.0+£11.99
TR432043 · 4.75%4 3/4% Treasury Gilt 2043
2043-10-22
4.75%89.76—5.699%3.564%—6.139%5.292%11.2034.9+£10.24
TG442044 · 3.25%3 1/4% Treasury Gilt 2044
2044-01-22
3.25%73.26—5.707%4.057%—6.989%4.436%12.0529.8+£26.74
T442044 · 0.125%0⅛% Index-linked Treasury Gilt 2044
2044-03-22
0.125%67.51—RPI-linked—————15.7CGT-free
T452045 · 3.5%3 1/2% Treasury Gilt 2045
2045-01-22
3.5%75.05—5.721%3.966%—6.832%4.664%12.2930.1+£24.95
TR452045 · 0.625%0⅝% Index-linked Treasury Gilt 2045
2045-03-22
0.625%73.32—RPI-linked—————14.3CGT-free
TG462046 · 0.875%0 7/8% Treasury Gilt 2046
2046-01-31
0.875%43.66—5.751%5.157%—8.884%2.004%16.1523.5+£56.34
TR462046 · 0.125%0⅛% Index-linked Treasury Gilt 2046
2046-03-22
0.125%64.16—RPI-linked—————13.5CGT-free
T462046 · 4.25%4 1/4% Treasury Gilt 2046
2046-12-07
4.25%82.48—5.728%3.709%—6.390%5.153%12.3826.7+£17.52
TG472047 · 1.5%1 1/2% Treasury Gilt 2047
2047-07-22
1.5%48.81—5.761%4.792%—8.256%3.073%15.6926.3+£51.19
T472047 · 0.75%0¾% Index-linked Treasury Gilt 2047
2047-11-22
0.75%72.34—RPI-linked—————11.7CGT-free
TG482048 · 0.125%0⅛% Index-linked Treasury Gilt 2048
2048-08-10
0.125%60.87—RPI-linked—————11.8CGT-free
TG492049 · 1.75%1 3/4% Treasury Gilt 2049
2049-01-22
1.75%50.09—5.757%4.635%—7.986%3.493%15.9130.9+£49.91
TR492049 · 1.875%1⅞% Index-linked Treasury Gilt 2049
2049-09-22
1.875%90.33—RPI-linked—————8.4CGT-free
T492049 · 4.25%4 1/4% Treasury Gilt 2049
2049-12-07
4.25%81.16—5.730%3.683%—6.346%5.237%13.3021.8+£18.84
TR502050 · 0.5%0½% Index-linked Treasury Gilt 2050
2050-03-22
0.5%65.24—RPI-linked—————12.2CGT-free
TG502050 · 0.625%0 5/8% Treasury Gilt 2050
2050-10-22
0.625%33.70—5.758%5.259%—9.061%1.855%19.9632.7+£66.30
TG512051 · 0.125%0⅛% Index-linked Treasury Gilt 2051
2051-03-22
0.125%57.42—RPI-linked—————11.0CGT-free
T51A2051 · 1.25%1 1/4% Treasury Gilt 2051
2051-07-31
1.25%40.63—5.795%4.884%—8.415%3.077%18.0929.5+£59.37
TG522052 · 0.25%0¼% Index-linked Treasury Gilt 2052
2052-03-22
0.25%58.55—RPI-linked—————12.7CGT-free
T522052 · 3.75%3 3/4% Treasury Gilt 2052
2052-07-22
3.75%73.34—5.746%3.810%—6.565%5.113%14.4526.0+£26.66
TG532053 · 1.5%1 1/2% Green Gilt 2053
2053-07-31
1.5%41.98—5.792%4.705%—8.107%3.574%18.1530.4+£58.02
T532053 · 3.75%3 3/4% Treasury Gilt 2053
2053-10-22
3.75%72.45—5.778%3.820%—6.582%5.176%14.9028.3+£27.55
T542054 · 4.375%4 3/8% Treasury Gilt 2054
2054-07-31
4.375%80.71—5.778%3.650%—6.290%5.421%14.3932.1+£19.29
TR542054 · 1.625%1 5/8% Treasury Gilt 2054
2054-10-22
1.625%42.90—5.755%4.585%—7.901%3.788%18.3925.2+£57.10
TG542054 · 1.25%1¼% Index-linked Treasury Gilt 2054
2054-11-22
1.25%76.42—RPI-linked—————15.1CGT-free
TR8F2055 · 1.25%1¼% Index-linked Treasury Gilt 2055
2055-11-22
1.25%76.16—RPI-linked—————10.2CGT-free
TR4Q2055 · 4.25%4 1/4% Treasury Gilt 2055
2055-12-07
4.25%79.07—5.737%3.637%—6.267%5.375%14.6728.3+£20.93
T562056 · 5.375%5 3/8% Treasury Gilt 2056
2056-01-31
5.375%94.75—5.747%3.403%—5.864%5.673%14.0910.2+£5.25
TR562056 · 0.125%0⅛% Index-linked Treasury Gilt 2056
2056-11-22
0.125%52.21—RPI-linked—————7.1CGT-free
TG572057 · 1.75%1 3/4% Treasury Gilt 2057
2057-07-22
1.75%42.84—5.722%4.443%—7.657%4.085%18.6331.5+£57.16
T582058 · 0.125%0⅛% Index-linked Treasury Gilt 2058
2058-03-22
0.125%51.26—RPI-linked—————11.0CGT-free
TR602060 · 4%4% Treasury Gilt 2060
2060-01-22
4%74.88—5.691%3.628%—6.252%5.342%15.7125.7+£25.12
TG612061 · 0.5%0 1/2% Treasury Gilt 2061
2061-10-22
0.5%23.20—5.421%4.903%—8.450%2.156%26.7226.5+£76.81
T622062 · 0.375%0⅜% Index-linked Treasury Gilt 2062
2062-03-22
0.375%54.65—RPI-linked—————12.5CGT-free
TR632063 · 4%4% Treasury Gilt 2063
2063-10-22
4%74.25—5.672%3.582%—6.173%5.387%16.4319.5+£25.75
TG652065 · 2.5%2 1/2% Treasury Gilt 2065
2065-07-22
2.5%51.25—5.590%3.901%—6.723%4.878%18.3421.1+£48.75
TR652065 · 0.125%0⅛% Index-linked Treasury Gilt 2065
2065-11-22
0.125%46.84—RPI-linked—————8.1CGT-free
T682068 · 0.125%0⅛% Index-linked Treasury Gilt 2068
2068-03-22
0.125%46.15—RPI-linked—————12.6CGT-free
TR682068 · 3.5%3 1/2% Treasury Gilt 2068
2068-07-22
3.5%66.56—5.572%3.580%—6.170%5.258%17.2821.2+£33.44
TG712071 · 1.625%1 5/8% Treasury Gilt 2071
2071-10-22
1.625%36.98—5.334%3.949%—6.806%4.394%21.7124.7+£63.02
TG732073 · 0.125%0⅛% Index-linked Treasury Gilt 2073
2073-03-22
0.125%48.75—RPI-linked—————5.4CGT-free
TR732073 · 1.125%1 1/8% Treasury Gilt 2073
2073-10-22
1.125%29.00—5.151%4.035%—6.955%3.879%24.5811.1+£71.00
loading… · Click any gilt for details
Gilt index — a dedicated page for every gilt →

Information only — not financial advice. Gilt prices are indicative from last available close and may be delayed. Verify before transacting. UK tax treatment depends on your circumstances and may change.