Taxes can significantly impact your net returns. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Long-term wealth creation requires strategic planning. Hence it is important for taxpayers to pick the right investment instrument to ensure your money grows steadily and safely. Each investment tool comes with its own level of risk, return, tenure and tax benefits.

Understanding these differences helps you create a balanced portfolio that matches your goals. Equity-based options may offer higher growth, while fixed-income products provide stability. Another important factor to consider is the tax implications.

An assessment of how different investments are taxed can significantly impact your net returns. Some instruments offer tax deductions, while others pr

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