--- title: More reasons to celebrate the expanded AJ Bell MPS range description: 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. --- [Skip to content](https://landing.investcentre.co.uk/gilt-managed-portfolio-service#main-content) [![AJ Bell logo\_Feel\_good\_advising\_White stacked lock-up](https://landing.investcentre.co.uk/hs-fs/hubfs/AJ%20Bell%20logo_Feel_good_advising_White%20stacked%20lock-up.png?width=350&height=148&name=AJ%20Bell%20logo_Feel_good_advising_White%20stacked%20lock-up.png "AJ Bell logo_Feel_good_advising_White stacked lock-up")](https://www.investcentre.co.uk/) # More reasons to celebrate the expanded AJ Bell Gilt 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. [ENQUIRE NOW](https://landing.investcentre.co.uk/gilt-managed-portfolio-service?hsLang=en#contact-us) ## 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. ![Gilt MPS celebration balloons](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V5_14.png?width=500&height=700&name=Gilts_MPS_Web_Assets_Balloons_V5_14.png "Gilt MPS celebration balloons") ## 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 4.52% (yield to maturity) 4.46% Coupon / interest 1.25% 4.46% Face value £100,000 £100,000 Buy for (market price) £96,030 £100,000 Capital gain £3,126 (CGT-free) £0 Income £1,250 £4,460 Total return £4,376 £4,460 Tax paid (40%) \- £300 \- £1,584 After-tax return £4,076 £2,876 After-tax yield 4.08% 2.88% *Source: AJ Bell Investments. Illustrative example: after-tax yield on one-year gilt for a 40% taxpayer factoring in their £500 tax-free personal savings allowance. Coupon example based upon annualised return from a UK Treasury 1.25% Gilt 22/07/2027 as at 27/03/2026 and held to maturity. Capital is at risk.* ## What this means A fixed rate savings account would need to pay over 7% 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_6.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_6.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2026_factsheet.pdf) 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_8.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_8.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2027_factsheet.pdf)** 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_7.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_7.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2028_factsheet.pdf) 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_9.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_9.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2029_factsheet.pdf)   🆕 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_11.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_11.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2030_factsheet.pdf)   🆕 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_10.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_10.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2031_factsheet.pdf)   🆕 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](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V4_12.png?width=500&height=333&name=Gilts_MPS_Web_Assets_Balloons_V4_12.png)](https://www.investcentre.co.uk/sites/default/files/2026-10/AJBell_Gilt_MPS_Final_Maturity_2032_factsheet.pdf)   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. ## Gilt MPS portfolio yields Yield to maturity Gross equivalent yield\* (Higher rate) Final maturity year Gilt MPS 2027 4.30% 6.12% 22 July 2027 Gilt MPS 2028 4.30% 6.58% 31 January 2028 Gilt MPS 2029 4.40% 6.92% 31 January 2029 Gilt MPS 2030 4.50% 7.14% 22 October 2030 Gilt MPS 2031 4.70% 7.60% 31 July 2031 Gilt MPS 2032 4.80% 7.81% 31 July 2032  *As at 30 September 2026.* *\*Gross equivalent yield: Also known as the tax-equivalent yield, is the yield a taxable investment would need to produce to match the after-tax yield of a comparable tax-exempt investment. In the context of the AJ Bell Gilt MPS, the figures illustrated represent the yield required from a savings account where returns are provided through income, taxable at an individuals' marginal rate of tax.* ## Adviser guide --- [![Gilt MPS adviser guide](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilt_MPS_adviser_guide_500x500.png?width=500&height=500&name=Gilt_MPS_adviser_guide_500x500.png "Gilt MPS adviser guide")](https://www.investcentre.co.uk/sites/default/files/AJBIC_Gilt_MPS_Adviser_guide.pdf?utm_campaign=348567767-Gilt%20MPS%20-%20%27Celebrate%27%20campaign&utm_source=landing-page&utm_content=adviser-guide) [![\DOWNLOAD \](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143403424/interactive-358239163580.png)](https://landing.investcentre.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLKRHoopSsvzrf6%2FD2Ov%2B9Wdw8CuEIgdaGxiPKzZ5qXLzbEVaF0wUlUn6RDDukChW7VKMXF8mv40mQue0aaVJz31d7lV5rwuVaZ3NRJ4gZ2oKMJRgr%2FX1OdL4PvCuTjjM05kKbJPZXmcuq5tf5uQLLSTpE8oTCQsycHfDAyN2lTJsoommkQAlNCG7MqvTtYpWt4DeIt4D%2BFJnrGmGQ6yQ01HfhqbTVeD9CW0jV6SRN1Vtbn%2FVPydWNZge8D%2BYOa4HIn%2FBRdKO0l4OdvY3k1TxN6w97SBTbQNVj5HOLMnHc%2B%2BW61q%2FzY9izb0%2FDdYS3SkUY8%2B%2BMAPjYnVQIYR61TdQrHHxDXfxHLHvI25%2FzZJIym%2FBu3C2xvTso3Gmv5HOYEZwPFKDJwTrtEIL%2BObtUJX74n6tILVOLiisDGF&webInteractiveContentId=358239163580&portalId=143403424&hsLang=en) ## Client guide --- [![Gilt MPS client guide ](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilt_MPS_Asset_CGC_500x500.png?width=500&height=500&name=Gilt_MPS_Asset_CGC_500x500.png "Gilt MPS client guide ")](https://www.investcentre.co.uk/sites/default/files/AJBIC_Gilt_MPS_Client_guide.pdf?utm_campaign=348567767-Gilt%20MPS%20-%20%27Celebrate%27%20campaign&utm_source=landing-page&utm_content=client-guide) [![\DOWNLOAD \](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143403424/interactive-363666011351.png)](https://landing.investcentre.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLK%2F3nTWhun9AtLcwTVA36ETvPIvOAN8n1oVL0btkH2VauosNxwAMsbj6RNz2UrR7hlb115VQS9%2Flb0hDaFpSGTZ8ifEf3yFTi3Qz5TT8HK3E61Vwa47jJHA3N0wErK9QITFJPlMvObpryoy6HT0nnoVDB9VNom77PcpSfhyOC9pWbRT9%2Fg6AStSQK07ETSzOxDT20YDWVOdBwDlZsV4l62U5SPUxqbOEXAfON17%2FFGkSyIyCj1YdAicBYhWAR%2BxPpKQtFdb%2Byjy8m%2F0p%2F0Wjcz8hcvGgc5f8BmqLC8cslsDAdrrg%2BQ3BFeONiylE9%2BlL9ApN%2FYTRK92VIjey%2FuNKviXogMDyUm4twUcVsE2eXnHZ5TksDOyKReDkysGvAHlkp7yBQT64uXvRdXZ%2B7N5%2FEEqwvZU5a%2FQZA%3D%3D&webInteractiveContentId=363666011351&portalId=143403424&hsLang=en) ## Charges guide --- [![Gilts\_MPS\_Web\_Assets\_Balloons\_V5\_500500](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_MPS_Web_Assets_Balloons_V5_500500.png?width=500&height=500&name=Gilts_MPS_Web_Assets_Balloons_V5_500500.png "Gilts_MPS_Web_Assets_Balloons_V5_500500")](https://www.investcentre.co.uk/sites/default/files/AJBI_Commitment_on_cost.pdf?utm_campaign=348567767-Gilt%20MPS%20-%20%27Celebrate%27%20campaign&utm_source=landing-page&utm_content=commitment-on-cost) [![\DOWNLOAD\](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143403424/interactive-363666012346.png)](https://landing.investcentre.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLJVb1ibRyEiNB9MCkIzJMAd%2FKhamn0uO0CtN9iSPqptx4NKsDsnHYcRGXdBa9ZcVKzS%2FrXS1znsH%2FEQSuCpfXqMDTvWYaWygSWLhMpbgHz8YCFEYpHyrMNOMoZ2QmLZdOmLZYBEY9InBKQ%2FUR%2FbsHmCIUtcQBTug0lnDYol%2FQ7pSacXhd9bxGCd2mJ7YpJ5oFe9fyPD6bydij04FxpCdq6WqqNnIqXAGoEbABHR8TS2UZnRqSsyNES6bzTWKp2Ct5eX8QtmyLb02gmj1DlcT6LAoCmA0n8Za6dvG0XSq4FvvC3nv3fNDgvS7k4%2Bw%2BDnnhstWVGFHSgu22BD7tAz2GuASxovIsd01n%2BuHbMUwG3%2FD5wPUs6khdBmkHwZUEnzhi3U7EbMpNsM8YnRWNMgokVmxgDlnHUJckOz&webInteractiveContentId=363666012346&portalId=143403424&hsLang=en) [![Gilt MPS Case Studies](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilt_MPS_Case%20Studies_Thumbnail_500x500.png?width=500&height=500&name=Gilt_MPS_Case%20Studies_Thumbnail_500x500.png "Gilt MPS Case Studies")](https://landing.investcentre.co.uk/how-gilt-strategies-support-different-client-goals?hsLang=en) ## 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. [SEE OUR CASE STUDIES](https://landing.investcentre.co.uk/how-gilt-strategies-support-different-client-goals?hsLang=en) ## A smart alternative to cash savings --- UK gilts offer the important advantage of being exempt from capital gains tax. This summary covers:  The benefits of our expanded gilt range. How the Gilt MPS outperforms cash savings after tax. Clear explanations of which clients can benefit from the range. [DOWNLOAD SUMMARY](https://landing.investcentre.co.uk/a-smart-alternative-to-cash-savings?hsLang=en) ![Gilt MPS one pager cover page](https://landing.investcentre.co.uk/hs-fs/hubfs/Gilts_email_images_500x500_3.png?width=500&height=500&name=Gilts_email_images_500x500_3.png "Gilt MPS one pager cover page") [![AJBI\_Gilt\_Whitepaper\_Assets\_DMN-2383-500x500\_2](https://landing.investcentre.co.uk/hs-fs/hubfs/AJBI_Gilt_Whitepaper_Assets_DMN-2383-500x500_2.png?width=500&height=500&name=AJBI_Gilt_Whitepaper_Assets_DMN-2383-500x500_2.png "AJBI_Gilt_Whitepaper_Assets_DMN-2383-500x500_2")](https://landing.investcentre.co.uk/using-gilts-in-client-portfolios?hsLang=en) ## A comprehensive guide to using gilts in client portfolios --- Get a clear view of how gilts can play a role in meeting your client’s goals. The guide covers: How the gilt market works and where returns come from. How to use them on their own or alongside other investments. The risks associated with using the instrument. [![\UNDERSTAND HOW GILTS WORK\](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143403424/interactive-417491155165.png)](https://landing.investcentre.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLIBdiFyMGmZc6f1d%2Bv%2BXhlTRT3xRkSwE2FXGmVwDBYfYU06Z7Y6nJyfQqW5aNC9kJpifazU1X%2FO%2FLBDnsntUh3yi2Pn0gZw5Kqcg5fRjxCHfBVdhUCwdtVIF%2Fof9XL6wsWvJ%2BxW274rCl%2FhasQFjxCgRuCrsZQc1qUWK3ZfI%2FS2Pwjeumrp3Ak9zrFf6MAszYNyLP%2B%2FVspIxGV%2FRAcBm8C9tS1Mb0LAeUsh0RTupeVvZDR1I5htkRxOn7o%3D&webInteractiveContentId=417491155165&portalId=143403424&hsLang=en) ## 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](https://landing.investcentre.co.uk/hubfs/AJBI_team_headshots_225x250_Ryan.png) ### Ryan Hughes                Managing Director                                       ![Richard Slattery-Vickers](https://landing.investcentre.co.uk/hubfs/AJBI_team_headshots_225x250_Richard.png) ### Richard Slattery-Vickers Head of Product ![Paul Angell](https://landing.investcentre.co.uk/hubfs/AJBI_team_headshots_225x250_Paul.png) ### Paul Angell Head of Investment Research ![James Flintoft](https://landing.investcentre.co.uk/hubfs/AJBI_team_headshots_225x250_James.png) ### James Flintoft Head of Investment Solutions ![Ian\_Aylward\_225x250](https://landing.investcentre.co.uk/hubfs/Ian_Aylward_225x250.png) ### 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. *4 Exchange Quay, Salford Quays, Manchester M5 3EE* Copyright © 2026, AJ Bell