MANY HAPPY RE­TURNS

Sunday Herald Sun - Escape - - TRENDING TAX TIME - LISA MAYOH

It’s tax re­turn time – and those lucky enough to get one back are us­ing it to travel, ac­cord­ing to new re­search. Anal­y­sis of ATO on­line lodge­ment fig­ures by finder.com.au shows Aus­tralians get­ting money back will pocket about $2800 each – the per­fect amount for a mid-year get­away.

Re­search shows Gen Y is most likely to splurge on a hol­i­day, with 14 per cent say­ing they’ll be swap­ping their tax re­turn for flights, com­pared to 10 per cent of Gen X and 8 per cent of Baby Boomers. And 12 per cent of Vic­to­ri­ans will splurge on a hol­i­day – dou­ble the amount of hol­i­day-go­ers who come from South Aus­tralia.

Mark David­son, Hel­loworld South­port, Qld, owner and man­ager, says July and Au­gust are tra­di­tion­ally busy pe­ri­ods for hol­i­day book­ings be­cause of the num­ber of peo­ple spend­ing their tax re­turns.

“It cer­tainly is a very pop­u­lar thing to do,” he says. “For that kind of money we have a lot of peo­ple book­ing des­ti­na­tions like Fiji or South Pa­cific cruises, along with go­ing to places like Viet­nam.

“We have had quite a few peo­ple come in with their tax money and it’s in­ter­est­ing be­cause we al­ways have a spike in book­ings at this time be­cause of that.”

An­gus Kid­man from finder.com.au says tax re­turns pro­vide a wel­come cash in­jec­tion in the mid­dle of the year – and what bet­ter way to cel­e­brate the gain of your new funds than by go­ing on a hol­i­day.

“Whether you put it to­wards a big hol­i­day or go on a quick break over the next few months, $2800 gives you lots of travel op­tions,” An­gus says.

“You can max­imise your re­turn by trav­el­ling within Aus­tralian or by tak­ing a road trip.”

New South Wales mother of two Jo Drago says she likes to use her tax re­turn to book her next hol­i­day.

“It al­ways goes to the next one,” she says, laugh­ing. “We have two trips paid for – in six weeks we are head­ing off to Por­tu­gal, Spain and Si­cily, and then in Jan­uary we are off to Bali with five other cou­ples.

“In April, we are plan­ning a fam­ily hol­i­day, per­haps Port Dou­glas.”

Jo says she is al­ways on the hunt for last­minute spe­cials to des­ti­na­tions that are just too good to pass up.

“Next Oc­to­ber, my hus­band turns 60 and he would love to go to Egypt,” she says.

“Hol­i­days are so im­por­tant as it is so ex­cit­ing for­ward plan­ning, and while we are still work­ing and able to af­ford it.

“It’s great for our mar­riage as well as it is re­ally the only break we get from a hec­tic life with fam­ily and work.

“We try and get away once a year and see new places each time.”

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