Skip to content
£ moneyguide
Glossary · Investing

Gilt

Where a link is marked *, it is a partner link — we receive commission at no extra cost to you. Links without a * earn us nothing. How we make money.

Last reviewed:

Definition: A bond issued by the UK government. Coupon income is taxable as savings interest; capital gains on gilts are exempt from Capital Gains Tax.

Issued by the Debt Management Office; you can buy direct via the DMO's purchase-and-sale service or through any broker. Low-coupon gilts trading below par are particularly tax-efficient for higher-rate taxpayers.

Primary source: dmo.gov.uk

More Investing terms

← All glossary terms