Most on here will know this but just in case as we head into the dreaded UK tax return deadline at end of January. If you buy/bought gilts the yield (the difference between what you pay and what you receive at maturity) is tax-free. The coupon interest is not however. So look for a low coupon gilt in say the 2-5 year maturity bracket. This is all apart from the ISA allowances. FWIW. Happy New Year shortly 
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