A reader asks: I aim to do a handful annually of gilt purchases and sales. Around £250,000 each
What is the best platform to use?
Our response: People searching for how to buy Gilts is one of the most popular pages on Good Money Guide at the moment. We have a full guide where you can compare the best investment platforms for buying Gilts in the UK here: https://goodmoneyguide.com/investing/where-can-i-buy-uk-government-gilts/
However, to answer your question well we sourced an expert comment from Mark Glowery from Allia C&C, and author of The Sterling Bonds and Fixed Income Handbook: A practical guide for investors and advisers, who had this to say:
With higher rates on the table (currently up to 5.3% in long-dated gilts) investing in gilts and bills has become much more popular with investors. Higher-rate tax payers are also attracted by the tax-free gains offered by low-coupon gilts.
Most of the wealth management and execution-only platforms will be able to offer dealing and custody in gilts, but it is important to choose a reliable provider that can provide the service at a reasonable price.
The three major private investor platforms in the UK are Hargreaves Lansdown, ii and AJB, all of whom provide a gilt execution service across a variety of investment account types (ISA/SIPP etc.) Online execution is possible with all three with Hl and ii offering instant online dealing on live prices.
Commissions and custody rates will vary across the platforms and I would recommend modelling such charges (both dealing and custody) against your likely activity over the next few years to identify the best value provider.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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