While it’s not as fun as a holiday, using your tax refund to boost savings, repay debt or invest in your future can be a smart move.
If you have a mortgage with an offset option, putting your refund in your offset account could help you pay off your home loan quicker and help you save on interest charges.
If you haven’t paid enough tax throughout the year, you may receive a tax bill instead of a refund. But don’t worry – even if you don’t have the cash up front, there are ways to repay tax debt.
A Liberty Adviser can help you explore your options and find a repayment solution that suits your needs.
Speak to a Liberty Adviser today about your debt refinancing or consolidation options.
It can be tempting to spend your tax return – but putting it on your mortgage could help you save.
It’s the new financial year and the clock is ticking to lodge your tax return.