--- title: Investing your Tax Return description: How to invest your tax return instead of spending it but paying your mortgage, saving it, investing in business, or paying off debt! image: https://www.beyonddebt.com.au/hubfs/buy-cash-coins-8556.jpg --- ![Top bar image](https://www.beyonddebt.com.au/hubfs/Assets%202019/Top%20bar%20image.jpg "Top bar image") ###### ![](https://www.beyonddebt.com.au/hubfs/Assets%202019/Tv.svg)Did you see us on TV? - [Click Here](https://www.beyonddebt.com.au/debt-help) ![Close](https://www.beyonddebt.com.au/hubfs/Assets%202019/Close.svg "Close") [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20black.png?width=560&height=128&name=Beyond%20Debt%20black.png "Logo")](https://www.beyonddebt.com.au) [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20white.png?width=560&height=128&name=Beyond%20Debt%20white.png "Logo")](https://www.beyonddebt.com.au) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)**1300 284 091**](tel:1300%20284%20091) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) [![Free Consultation](https://no-cache.hubspot.com/cta/default/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a) #### [1300 284 091](tel:1300%20284%20091) - ##### [Eliminate Debt](https://www.beyonddebt.com.au/blog/topic/eliminate-debt) [## How to Get Out of Debt in 2026: The Australian's Step-by-Step Guide (And Free Budget Planner) ](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) [Read Article](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) - ###### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) - ###### [Everyday Expenses](https://www.beyonddebt.com.au/blog/topic/everyday-expenses) - ###### [Build Savings](https://www.beyonddebt.com.au/blog/topic/build-savings) - ###### [Handle Money](https://www.beyonddebt.com.au/blog/topic/handle-money) # [Investing your Tax Return](https://www.beyonddebt.com.au/blog/investing-your-tax-return) - ###### Kristin Perissinotto - ###### 10 Jun 2018 ###### LATEST ARTICLES - Personal Finance Basics - Everyday Expenses - Build Savings - Handle Money [Back to blog](https://www.beyonddebt.com.au/blog) - Share - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2Finvesting-your-tax-return) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2Finvesting-your-tax-return) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.beyonddebt.com.au/blog/investing-your-tax-return) There are many things you could do with your fast approaching tax return. Some go away on a holiday, some put it straight into savings, some use it for bills, and some will be feeling spendy and might turn it into a day of shopping. But have you considered investing it!? ![save invest tax return refund](https://www.beyonddebt.com.au/hs-fs/hubfs/buy-cash-coins-8556.jpg?width=450&name=buy-cash-coins-8556.jpg) ## 1. Put it on to your mortgage If you're a homeowner, it is smart to put any extra money you have on to your mortgage. Invest in yourself and your future! The sooner you can pay down your mortgage, the less interest you will end up paying. ![house downpayment mortgage](https://www.beyonddebt.com.au/hs-fs/hubfs/architecture-facade-house-259600.jpg?width=450&name=architecture-facade-house-259600.jpg) ## 2. Add it to your 'home downpayment' fund It's unlikely that your tax refund will fully fund a downpayment, but you could use it as the starting point of investing in property. It's hard to find the funds to put away a large sum of money, so tax return day is the perfect time! Starting will a prominent amount can help motivate you to start getting serious with your savings, and influence you to put away whatever you can each month. ## 3. Begin an emergency fund The [emergency fund](https://blog.beyonddebt.com.au/building-an-emergency-fund). It's not the most exciting this in the world, but if you ever need it, you'll be thrilled you started one! Some say you should have enough in your emergency fund to live for six to twelve months without income. We say anything you can spare should go into this fund. Just in case. ![emergency fund tax return](https://www.beyonddebt.com.au/hs-fs/hubfs/ambulance-architecture-building-263402.jpg?width=450&name=ambulance-architecture-building-263402.jpg) ## 4. Invest in your career or business Your tax return could be used to fund a course or item that will help you further your career or business. Up-skilling and investing in your business is always a good use of money, but sometimes it's just not possible. Take the opportunity that tax time provides and invest in your future! This might take the form of a short course, funds to start renting an office space, or advertising for your business. ## 5. Pay off a debt A tax refund can be the perfect sum to pay off a debt of two, or get a credit card bill under control. This may not be the most exciting way to spend the sum, but you will be glad you did it! ![tax return savings account](https://www.beyonddebt.com.au/hs-fs/hubfs/buy-cash-coins-9660.jpg?width=450&name=buy-cash-coins-9660.jpg) ## 6. Jump start your savings Start up a savings fund with your tax return! Invest in your future by setting up some [savings accounts](https://blog.beyonddebt.com.au/savings-savings-savings) that will help you make large and important purchases in the future, and also have some fun along the way! ###### Ready to become debt free? #### Take the first step to a debt free future [Ready to become debt free?](https://info.beyonddebt.com.au/request-a-consultation) ### You might find these interesting - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [The Worst Degrees to Study](https://www.beyonddebt.com.au/blog/the-worst-degrees-to-study) - ###### Ben Paris - ###### 06 Jul 2022 - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [Couple’s Money – How to Budget Together](https://www.beyonddebt.com.au/blog/couples-money-how-to-budget-together) - ###### Ben Paris - ###### 06 Jul 2022 - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [The 10 Cheapest Places to live in Australia](https://www.beyonddebt.com.au/blog/the-10-cheapest-places-to-live-in-australia) - ###### Ben Paris - ###### 01 Jun 2022 - [Personal Finance Basics (126)](https://www.beyonddebt.com.au/blog/tag/personal-finance-basics) - [Handle Money (100)](https://www.beyonddebt.com.au/blog/tag/handle-money) - [Everyday Expenses (61)](https://www.beyonddebt.com.au/blog/tag/everyday-expenses) - [Affordable Living (50)](https://www.beyonddebt.com.au/blog/tag/affordable-living) - [Build Savings (33)](https://www.beyonddebt.com.au/blog/tag/build-savings) ## Ready to become debt free? #### Speak with one of our specialists to start your future [![About Beyond Debt](https://no-cache.hubspot.com/cta/default/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2) [![Get Help](https://no-cache.hubspot.com/cta/default/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) - ![Family-Owned-transparent-300x158](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Family-Owned-transparent-300x158.png?width=115&name=Family-Owned-transparent-300x158.png) - ![pipa_logo_transparent_300w_100h](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/pipa_logo_transparent_300w_100h.png?width=151&name=pipa_logo_transparent_300w_100h.png) - ![Feefo](https://www.beyonddebt.com.au/hs-fs/hubfs/Feefo.png?width=115&name=Feefo.png) ##### Debt Help ##### Company ##### Resources Beyond Debt is a trading name of DCS Group Aust Pty Ltd. 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