The Australian Tax Return Deadline 2014 is 31 October. Lodge today to receive your tax refund 2014.
If you’ve already lodged your Australian tax return, you may have already received your tax refund or you’re waiting for the ATO to deposit it into your account.
If you still need to lodge, you’ll want to do so as soon as possible. The deadline is 31 October. The sooner you lodge, the sooner you’ll be able to put your refund money to use.
Whether you’ve already lodged your 2013-2014 tax return or still need to do so, it’s best to use your refund wisely. After all, it’s money you’ve worked hard for throughout the financial year.
7 Different Ways To Use Your Refund
Don’t spend your refund money all in one place. Use a portion to invest, another portion to donate and remember to live a little and treat yourself along the way!
Here’s seven ways worth using your tax refund on;
1. Pay Off Debt
If you have credit card or loan debt (or both), then you know first hand that the longer you may off your balance, the more you’ll end up paying in interest. Using your tax refund money to pay off credit card or loan debt means you’ll reduce the total amount of interest incurred.
Even if you can’t pay the entire balance, using your refund money towards a large payment means your usual monthly payments will decrease.
Investing your refund money will benefit you in the long term. Sure, investing the money isn’t as “fun” as splurging on a shopping trip would be but it could be the start of your child’s education fund or a stock investment that could pay off later on.
3. Open a High Interest Savings Account
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