How TG27's clean price, gross redemption yield and after-tax net yield have moved over time — the last month free. Up to 5 years, and comparing it with other gilts, are part of Premium.
⇄ Compare TG27 with other gilts in Charts ★ Premium| Your income tax band | Net yield | Savings equiv* |
|---|---|---|
| No tax | 4.075% | — |
| Basic 20% | 3.802% | 4.80% |
| Higher 40% | 3.548% | 6.00% |
| Additional 45% | 3.484% | 6.43% |
*Savings Rate Equivalent = the gross yield a fully-taxable savings account or bond would need to match this gilt's net yield, at that tax rate. Gilt coupons are taxed as income — at the rate in force when each is paid, which rises by 2 percentage points (to 22/42/47%) from 6 April 2027; the capital gain to par is exempt from CGT. Figures don't include your Personal Savings Allowance, so they're conservative. How we calculate this.
TG27 is the UK Treasury gilt "1 1/4% Treasury Gilt 2027", paying a 1.25% annual coupon and redeeming at par (£100) on 22 July 2027 — about 0.7 years away. At its 9 Nov 2026 closing price of £98.08 the gross redemption yield is 4.075%. Because the coupon is low and the price is well below par, most of the return comes as the tax-free pull to par (a £192 capital gain per £10,000 nominal, exempt from CGT) rather than as taxable coupon income. That makes it unusually efficient for higher- and additional-rate taxpayers: an additional-rate (45%) payer keeps a net yield of 3.48% — to match that after tax, a fully-taxable savings account or bond would need to pay about 6.43% gross (allowing for the 2027 rise in tax on savings income, as in the table below). That is how gilts are taxed in practice: gilt coupons are taxed as income, while the capital gain is free of capital gains tax on any disposal — at redemption or an earlier sale — though interest accrued since the last coupon is taxed as income when you sell.
Prices are indicative closing levels for 9 Nov 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 (9 Nov 2026) and may be delayed. Verify before transacting. UK tax treatment may change.