As interest rates have risen in recent years, UK government debt securities (gilts) have been yielding relatively attractive returns relative to their recent history. In response, we have built a low-risk, tax-efficient gilts portfolio for clients.

It's tax-efficient, as gilts are free of Capital Gains Tax (CGT).

It's low-risk, as the underlying investments are part of the British government's unblemished record of 330 years of unbroken debt repayments.

Key features:

•Invests in short-dated, low-coupon bonds issued by the UK Government (gilts)

•Return of nearly 4% per year

•Free of Capital Gains Tax

•Low risk: the British government has been issuing bonds since 1693 – more than 330 years of unbroken repayments – no default.

Target Market:

•Short-term investors, with time horizons up to 5 years

•Clients wishing to avoid equity risk, or with low capacity for loss

•Those targeting a fixed annual income

•Clients in or entering pensions drawdown

•Higher-rate taxpayers

Voyager

Gilts Portfolio