Unlocking Treasury 2061: The Hidden Fortune That Could Rewrite Financial History—Are You Ready to Discover the Truth?
Mostly you’ll get a capital gain.
- You can see TG61 currently costs just over £25. But it will mature in 2061 with a face value of £100.
- The uplift from £25 to £100 – known as the ‘pull to par’ – delivers the bulk of its 5% yield.
That pull to par works out as a 300% capital gain. The 0.5% coupon is just the cherry on top.
In fact for private investors that little income cherry is more sour than sweet. That’s because as we’ve previously covered, gilt income is taxed but capital gains on gilts are not.
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