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  • Money Magazine

    Refund & reset

    Jun 05, 2019 4 minutes
    REBECCA
    PRITCHARD
    FINANCIAL COACH,
    WEALTH ENHANCERS

    We’ve all been there. The notification comes through your myGov account or your accountant: you’ve got a tax refund coming your way. Yes! You had a feeling it was the case, perhaps it is every year, but you’re not 100% sure until you see that notification. And you’ve been impatient to know how big it is.

    You’ve now got money coming your way and the cogs in your head start turning on what to do with it. ATO figures show that the average tax refund for Australians is between $2500 and $3000. It’s big enough for us to pay attention.

    But a tax refund is not a bonus. This is a big reframe

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