The Taxing Times Report 2014

financial indicator series

28 July 2014

Almost one in two Aussies now attacking debt with tax refund

Deciding what to do with your tax return is a no-brainer according to almost half the population, with an impressive 47.7% of Australians saying they plan to use their tax refund to pay off debt.

The sixth annual Bankwest Taxing Times Report, the latest addition to the Bankwest Financial Indicator Series revealed that reducing debt is top of the priority list for almost one in two (47.7%) Australians in 2014, a marked increase from just one in three (35.6%) during 2013.



all news articles

media enquiries

all journalist enquiries should be directed to:

general enquiries

business enquiries

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking.

© 2016 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.