How TG53'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 | Grossed-up* |
|---|---|---|
| No tax | 5.663% | — |
| Basic 20% | 5.147% | 6.43% |
| Higher 40% | 4.640% | 7.73% |
| Additional 45% | 4.514% | 8.21% |
*Grossed-up = 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.
TG53 is the UK Treasury gilt "1 1/2% Green Gilt 2053", paying a 1.5% annual coupon and redeeming at par (£100) on 31 July 2053 — about 27.1 years away. At its 8 Jun 2026 closing price of £42.76 the gross redemption yield is 5.663%. 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 £5,724 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 4.51% — to match that after tax, a fully-taxable savings account or bond would need to pay about 8.21% gross.
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.