New 3 and 6 month Treasury bills - deadline Thursday 11.12.2025

poseidon1

I appreciate only of interest and accessible to a tiny minority on this forum, but for those for whom Treasury Bills maybe of interest see below -

https://www.ii.co.uk/ipos#current

ColdIron

Same with HL but applications close at 3:00 PM

I have a ladder of them in my SIPP as the yield is better than uninvested cash interest

https://www.hl.co.uk/shares/ipos-and-new-issues/3-month-uk-treasury-bill
https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

poseidon1

ColdIron said:

Same with HL but applications close at 3:00 PM

I have a ladder of them in my SIPP as the yield is better than uninvested cash interest

https://www.hl.co.uk/shares/ipos-and-new-issues/3-month-uk-treasury-bill
https://www.hl.co.uk/shares/ipos-and-new-issues/6-month-uk-treasury-bill

I might consider a 3 month bill for a bit of uninvested ISA cash I have with HL. More cost efficient than holding a money market unit trust with them.

ColdIron

Yes. Free to buy, free to mature, and given the £0/£45/£200 cap on ETFs, ITs and gilts, free to hold for many. Hard to dislike if they meet your objectives. I had one mature today

aroominyork

ii says about the bill maturing in March "UKTBs differ from conventional UK Gilts in that they have a 0% interest rate. The investment return comes solely from the difference between the price the Government sells to investors at (typically less than £100) and the redemption price the Government pays back (£100). Based on previous issues the annualised yield is expected to be around 3.78%..." Strips also pay 0% but the gain is not exempt from CGT. Are these short dated bills exempt from CGT?

ColdIron

They are not exempt from capital gains, it just doesn't apply

They are defined for UK tax purposes as deeply discounted securities, meaning the entire return is treated as income, not capital gain

aroominyork

ColdIron said:

They are not exempt from capital gains, it just doesn't apply

They are defined for UK tax purposes as deeply discounted securities, meaning the entire return is treated as income, not capital gain

So although there is no coupon, the (capital) gain is taxed as income. Worth knowing. 

wmb194

aroominyork said:

ColdIron said:

They are not exempt from capital gains, it just doesn't apply

They are defined for UK tax purposes as deeply discounted securities, meaning the entire return is treated as income, not capital gain

So although there is no coupon, the (capital) gain is taxed as income. Worth knowing. 

To be specific, it's classified as interest.

granta

Is it possible to transfer these in species to a different provider?

george4064

granta said:

Is it possible to transfer these in species to a different provider?

In theory yes. But equally important is to check that both parties (the transferring out and in) can accept these type of securities in-specie.

granta

george4064 said:

granta said:

Is it possible to transfer these in species to a different provider?

In theory yes. But equally important is to check that both parties (the transferring out and in) can accept these type of securities in-specie.

So I shouldn't assume that if they allow in species transfers for equities and funds etc that they would allow it for gilts?