For a few weeks now, there was a whole lot of buzz round debt fund taxation. On the identical time, the rates of interest on small financial savings schemes have been hiked by as much as 0.7%. As at all times, the chief of the small financial savings pack is the Senior Citizen Financial savings Scheme (SCSS), which is able to now pay 8.2% compounded yearly.
The rise within the curiosity that the federal government pays in these schemes, coupled with the rise within the efficient tax fee of debt funds for a lot of savers, has considerably modified the panorama for fixed-income savers.

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