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More reasons to celebrate the expanded AJ Bell MPS range

Now with a maturity ladder up to 2032, our low-risk range offers a simple, tax‑efficient way to access CGT-free returns, for a market-leading management fee of just 0.10% p.a.

Three new portfolios.

More control over client timelines.

To meet growing appetite for gilt laddering, the AJ Bell Gilt MPS range now offers seven portfolios - so you can now match client horizons all the way out to 2032.

This range offers several benefits:

CGT-free way to achieve higher gross yields than bank deposits.

Consistent, scalable way to build gilt ladders for your clients.

No need to source or trade gilts directly.

Aligned construction and tax treatment at every maturity point.

No lock in if circumstances change – just sell the gilts.

Gilts_MPS_Web_Assets_Balloons_V5_14

Gilt MPS outperforms cash savings after tax

For higher and additional rate taxpayers, the way their returns are made matters just as much the amount they’ve earned.

UK gilts have a unique advantage, in that any capital gains they make are free from CGT. In short dated, low coupon gilts, much of the return comes from capital uplift rather than taxable income – which can make the net return significantly higher than would be achieved in a fixed rate savings account after tax.

This example illustrates how a short dated gilt compares with a one year fixed rate bank account for a 40% taxpayer.

Gilt (held to maturity)
One-year fixed-rate savings
Yield / rate
3.49% (yield to maturity)
4.10%
Coupon / interest
1.25%
4.10%
Face value
£100,000
£100,000
Buy for (market price)
£97,050
£100,000
Capital gain
£2,235 (CGT-free)
£0
Income
£1,250
£4,100
Total return
£3,485
£4,100
Tax paid (40%)
- £300
- £1,440
After-tax return
£3,185
£2,660
After-tax yield
3.19%
2.66%

Source: AJ Bell Investments. Illustrative example for the annualised return a 40% taxpayer may receive, considering £500 tax-free interest allowance. Tax treatment depends on individual circumstances and may change. Capital is at risk.

  What this means  

A fixed rate savings account would need to pay over 5% to match the gilt’s return after tax for a higher rate taxpayer.

This is why Gilt MPS portfolios are increasingly used as a cash alternative for clients paying higher and additional rate tax – offering government bond exposure, defined maturities and competitive returns in a tax-efficient way.

Adviser benefits:

Put gilts to work at a time when they’re highly relevant for client portfolios.
Prevent the banks from controlling your clients' cash savings.
Implement seamlessly across SIPP, RIA, GIA and ISA wrappers.

Client benefits:

A lower‑risk alternative to holding large cash balances.
Flexible gilt laddering designed to match different time horizons.
Earn a competitive yield, for a management fee of just 0.10%.

AJ Bell Gilt MPS: explore the full range 

Gilt MPS Final Maturity 2026

Gilt MPS Final Maturity 2026

Closed to investment for new clients.

Holdings include: 0 3/8% Treasury Gilt 22/10/2026 - 99%   |   MPS Cash - 1%
Gilt MPS Final Maturity 2026 Factsheet

Gilt MPS Final Maturity 2027

Gilt MPS Final Maturity 2027

Portfolio contains two issues. Holdings include:

0 3/8% Treasury Gilt 22/10/2026 - 49%   |   1 1/4% Treasury Gilt 22/07/2027 - 50%

MPS Cash - 1%

Gilts MPS Final Maturity 2027 factsheet

Gilt MPS Final Maturity 2028

Gilt MPS Final Maturity 2028

Portfolio contains three issues. Holdings include:

0 3/8% Treasury Gilt 22/10/2026 - 33%   |   1 1/4% Treasury Gilt 22/07/2027 - 33%

   0 1/8% Treasury Gilt 31/01/2028 - 33%   |   MPS Cash - 1%

Gilts MPS Final Maturity 2028 factsheet

Gilt MPS Final Maturity 2029

Gilt MPS Final Maturity 2029

Portfolio contains four issues. Holdings include:

0 3/8% Treasury Gilt 22/10/2026 - 25%   |   1 1/4% Treasury Gilt 22/07/2027 - 25%

0 1/8% Treasury Gilt 31/01/2028 - 25%   |   0 1/2% Treasury Gilt 31/01/2029 - 24%

MPS Cash - 1%

Gilt MPS Final Maturity 2029 Factsheet

 

🆕 Gilt MPS Final Maturity 2030

Gilt MPS Final Maturity 2030

Portfolio contains four issues. Holdings include:

1 1/4% Treasury Gilt 22/07/2027 - 25%   |   0 1/8% Treasury Gilt 31/01/2028 - 25%

0 1/2% Treasury Gilt 31/01/2029 - 24%   |   0 3/8% Treasury Gilt 22/10/2030 - 25%

MPS Cash - 1%

Gilt MPS Final Maturity 2030 Factsheet

 

🆕 Gilt MPS Final Maturity 2031

Gilt MPS Final Maturity 2031

Portfolio contains four issues. Holdings include:

0 1/8% Treasury Gilt 31/01/2028 - 25%   |   0 1/2% Treasury Gilt 31/01/2029 - 24%

0 3/8% Treasury Gilt 22/10/2030 - 25%   |   0¼% Treasury Gilt 31/07/2031 - 25%

MPS Cash - 1%

Gilt MPS Final Maturity 2031 Factsheet

 

🆕 Gilt MPS Final Maturity 2032

Gilt MPS Final Maturity 2032

Portfolio contains four issues. Holdings include:

0 1/2% Treasury Gilt 31/01/2029 - 24%   |   0 3/8% Treasury Gilt 22/10/2030 - 25%

0¼% Treasury Gilt 31/07/2031 - 25%   |   1% Treasury Gilt 31/01/2032 - 25%

MPS Cash - 1%

Gilt MPS Final Maturity 2032 Factsheet

 

The portfolios are designed to give clients a choice of multiple issues, within a ‘ladder’ of maturities. This means you can choose the portfolio that best suits your client’s investment time horizon.

We explain the mechanics of the range in more depth in both our adviser and client guides below.

Adviser guide

Gilt MPS adviser guide

Client guide

Gilt MPS client guide

Charges guide

Gilts_MPS_Web_Assets_Balloons_V5_500500
Gilt MPS Case Studies

Client goals met with structured gilt solutions

Explore our case studies for clear, real‑world examples of how advisers could use the AJ Bell Gilt MPS range.

Meet a client’s short-term retirement income needs.

Facilitate phased retirement for a higher rate taxpayer.

Protect a client’s income from sequencing risk.

 

Meet the team behind our MPS

The AJ Bell Investments Team has more than 100 years’ collective experience of managing funds for retail and institutional investors, and of building sophisticated investment management solutions.

Ryan Hughes

Ryan Hughes

               Managing Director                                      

Richard Slattery-Vickers

Richard Slattery-Vickers

Head of Product

Paul Angell

Paul Angell

Head of Investment Research

James Flintoft

James Flintoft

Head of Investment Solutions

Ian_Aylward_225x250

Ian Aylward

Head of Investment Partnerships

The value of investments and the income from them can go down as well as up, and your client may not get back their original investment.

Past performance is not a guide to future performance, and some investments need to be held for the long term.

The information on this page is intended for professional advisers only.
Authorised and regulated by the Financial Conduct Authority.