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Gilt Table › All gilts › T2IL
Index-linked ¡ RPI

2% Index-linked Treasury Stock 2035

T2IL ¡ ISIN GB0031790826 ¡ real yield and inflation comparison ¡ prices as of 8 Jun 2026 close (indicative)
Clean price
ÂŖ241.74
before inflation uplift
Real coupon
2%
uplifted by RPI
Real yield
0.010%
above inflation
Maturity
26 January 2035
~8.6 years
Nominal equivalent
3.51%
assuming 3.5% RPI
Type
RPI-linked
inflation-protected

Net real yield after tax

Your income tax bandNet real yieldGrossed-up*
No tax 0.010% —
Basic 20% -0.155% —
Higher 40% -0.321% —
Additional 45% -0.362% —

Real yields are returns above RPI inflation. The coupon (including its inflation uplift) is taxed as income; the inflation uplift on the principal is free of CGT. Figures don't include your Personal Savings Allowance. How we calculate this.

What this means

T2IL is the UK index-linked gilt "2% Index-linked Treasury Stock 2035", maturing 26 January 2035. Both its coupon and its principal are uplifted by RPI inflation, so the quoted real yield of 0.010% is the return you earn on top of inflation. At its 8 Jun 2026 price of ÂŖ241.74 (clean, before inflation adjustment) that is roughly a 3.51% nominal-equivalent yield if RPI averages 3.5%. The inflation uplift on the principal is free of capital gains tax; the (inflation-uplifted) coupon is taxable as income. Whether this beats a conventional gilt of the same maturity depends on whether RPI runs above the break-even inflation rate over its life. Note: UK index-linked gilts have no deflation floor — sustained deflation can reduce the redemption value below par.

Break-even vs a conventional gilt → See all gilts

Nearby index-linked gilts

T33 ¡ 0.75% 2033 TRTQ ¡ 0.75% 2034 TG36 ¡ 0.125% 2036 TR37 ¡ 1.125% 2037

Prices are indicative closing levels for 8 Jun 2026 and may be delayed — see the live gilt table for current figures at your tax rate. Information only, not financial advice.

Information only — not financial advice. Gilt prices are indicative from last available close (8 Jun 2026) and may be delayed. Verify before transacting. UK tax treatment may change.