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.

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