UK Treasury 1.125% 2073 Gilt
Live yield & returns · Last updated · Capital at risk
5.26%
3.98%
£28.24
22 October 2073
The UK Treasury 1.125% 2073 is a conventional gilt with a 1.125% coupon, maturing on 22 Oct 2073 — roughly 47.1 years from now. At the latest market price it is a long-dated (15+ years) holding currently trading below par (at a discount).
Based on a clean price of about £28.24 per £100 nominal, this gilt offers a running yield of 3.98% and a yield to maturity of 5.26%. The running yield reflects the income return from coupons alone, while the yield to maturity also accounts for the capital gain if you hold to redemption.
Because capital gains on gilts are exempt from UK Capital Gains Tax, a gilt priced below par can be particularly tax-efficient: the pull-to-par capital gain is tax-free, and only the coupon income is taxable. The calculator below shows both gross and net (after-tax) returns.
Worked example: a £10,000.00 investment
Held to maturity, assuming 20% tax on coupon income (capital gains on gilts are tax-free):
| Units purchased | 348 |
| Amount invested | £9,993.32 |
| Coupon income (less accrued interest paid) | £18,430.45 |
| Capital gain / loss | £24,972.48 |
| Total profit (gross) | £43,402.93 |
| Total profit (after tax) | £39,683.68 |
| Annualised return (gross) | 3.62% |
| Annualised return (net) | 3.47% |
Estimates for illustration only. Not financial advice.
Similar gilts
| Gilt | YTM | Maturity |
|---|---|---|
| UK Treasury 1.625% 2071 | 5.44% | 22 October 2071 |
| UK Treasury 3.5% 2068 | 5.63% | 22 July 2068 |
| UK Treasury 2.5% 2065 | 5.64% | 22 July 2065 |
| UK Treasury 4% 2063 | 5.74% | 22 October 2063 |
Frequently asked questions
What is the yield on the UK Treasury 1.125% 2073 gilt?
Based on the latest market price, the UK Treasury 1.125% 2073 has a yield to maturity of 5.26% and a running (income) yield of 3.98%. Yields move daily with the gilt's market price.
When does the UK Treasury 1.125% 2073 gilt mature?
This gilt matures on 22 Oct 2073, approximately 47.1 years from today. At maturity holders receive the £100 nominal value per unit.
Are returns on the UK Treasury 1.125% 2073 taxed?
Capital gains on UK gilts are exempt from Capital Gains Tax. Coupon income is taxable as income, though it can be sheltered within an ISA or SIPP. This page shows both gross and after-tax figures.
How much would a £10,000 investment in the UK Treasury 1.125% 2073 return?
A £10,000 investment would buy approximately 348 units and, held to maturity, is projected to return a total profit of about £43,402.93 (gross). See the worked example on this page for the full breakdown.