Guides to gilts and to using GiltIQ, written against the site's own data and pages.
A ladder does not always pay an identical amount every year — an empty rung, declining coupons or a target that rises faster than the cash can leave a year short — and the projection shows which years miss the target and by how much.
An index-linked gilt's coupon and redemption are scaled by the index ratio, so an index-linked rung's real income is stated in present-day terms and its cash grows with published inflation rather than staying fixed.
A ladder spreads maturities so capital returns a rung at a time, while a single gilt pays level coupons and returns its whole principal once — and the income per year differs because the ladder's early rungs stop paying when they redeem.
A ladder can spread coupon and redemption cash across calendar years, so reading each year's coupon and redemption split shows a smoother flow than a single gilt's one large repayment.
The ladder designer applies a marginal tax rate to the rungs' coupon income, so this article shows what a stated band does to that income while the redemption-funded draw — a return of capital — is left untouched.
A ladder of conventional gilts pays fixed cash amounts, so at an assumed inflation rate the purchasing power of each year's income falls — and this article works that drag year by year with the assumptions stated.
Running the same ladder once as a lump sum and once as an income target shows the two modes are inverse views of one calculation, reconciling to within the rounding of each rung.
Lengthening a ladder spreads the same lump sum over more rungs, so a fixed amount stretched across more years affords a smaller income each year but pays it for longer — and the gilt curve decides how much a longer rung yields.
A gilt's coupon is income and the £100 it returns at maturity is capital, so the coupon calendar lists them as separate rows and never nets a redemption against a tax band.
The lump sum mode takes a stated amount to invest and builds the rungs it buys — one per year, each sized so its redemption funds an inflation-uplifted draw — and the guide walks from the inputs to the rungs and the trades.
At its longest window the coupon calendar lists every coupon and redemption falling due in the next twelve months, so a reader can map a whole year of gilt income dates rather than a season.
The coupon calendar lists every coupon and redemption falling due in a rolling window across the whole gilt market, grouped by month and sized for a nominal holding, so a reader can see what income lands and when.