This article contains information that administrators of self-administered pensions may find useful or which they may need to check regularly.


Many of our system users have had problems obtaining the monthly gilt yield needed on which to base the relevant GAD rates when a client enters drawdown, as this information is based on UK Gilts (15 years) from the FTSE UK Gilt Indices, as published in the Financial Times for the 15th day of the calendar month. The yield that should be used in this context is as follows:


  • the gilt yield prevailing on the 15th day of each month, if that day is a working day.
  • if the 15th day is not a working day, then the gilt yield for the working day preceding the 15th should be used.    


Source - Financial Times - FTSE UK Gilt Indices (15 Year)

MONTH YEAR GILT YIELD DATE DECLARED EFFECTIVE DATE
April 2022 1.75% 15/03/2022 01/04/2022
May 2022 2.08% 15/04/2022 01/05/2022
June  2022 2.00% 15/05/2022 01/06/2022
July 2022 2.67% 15/06/2022 01/07/2022


This information is provided by Delta Financial Systems purely as a guide. You should not rely solely on the information provided by Delta Financial Systems as we cannot provide any guarantees as to the validity of the data. Gilt yields can also be obtained directly from the Financial Times.