How TG35's clean price, gross redemption yield and after-tax net yield have moved over time. A premium feature — sign in and subscribe to view the full history.
| Your income tax band | Net yield | Savings equiv* |
|---|---|---|
| No tax | 5.244% | — |
| Basic 20% | 5.027% | 6.28% |
| Higher 40% | 4.872% | 8.12% |
| Additional 45% | 4.833% | 8.79% |
*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; 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.
TG35 is the UK Treasury gilt "0 5/8% Treasury Gilt 2035", paying a 0.625% annual coupon and redeeming at par (£100) on 31 July 2035 — about 8.9 years away. At its 11 Sep 2026 closing price of £67.55 the gross redemption yield is 5.244%. 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 £3,245 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 4.83% — to match that after tax, a fully-taxable savings account or bond would need to pay about 8.79% gross. That is the tax treatment of gilts 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 11 Sep 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 (11 Sep 2026) and may be delayed. Verify before transacting. UK tax treatment may change.