8 Best Tax Free Retirement Investment Options


Tax Free Bonds

There're various organizations that issue tax free bonds from time to time. Here the holding period is 10 to 15 years and you receive an amount as interest, which is tax free. If you hold the bond till its maturity then there will be no tax on capital gains. But, in case you choose to sell the bonds on the stock exchange, then you've to pay the capital gains tax. These are government approved schemes, hence very safe.

Senior Citizen Savings Schemes (SCSS)

The senior citizen savings scheme has a maturity period of 5 years with the investor receiving the interest amount every quarter. The high interest rate of more than 9 percent is what makes it irresistible. At the end of the maturity period of 5 years, one has the option of extending the scheme for 3 more years. Investment in this scheme up to 1, 00,000 is tax free.

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