A new survey has revealed that more than half of Australians (56%) intend to put some or all of their FY 2025 tax return towards overseas travel.
The research by TravelInsurance.com.au also sheds lights on the top destinations Australians are planning to visit using their tax refund this year.
“Many Australians see their tax refund as an opportunity to book a holiday they might not otherwise afford,” said Shaun McGowan, CEO Travelinsurance.com.au
“Mid-year is a popular time to travel, especially to places like Japan and Europe, where you can catch the tail end of summer without the crowds and inflated prices.
“The trend we’re seeing is that most Aussies have already covered flights, accommodation and travel insurance with savings. They plan to use their tax return for spending money, tours and experiences.”
The top 5 destinations are:
- Japan
- Europe
- New Zealand
- Bali/Indonesia
- Thailand
Australians are least likely to put their tax refund towards trips to the United States, South America, the United Arab Emirates (UAE) and Africa, the survey found.
While overseas travel was the top choice, the survey found that a smaller portion of Australians (8%) plan to travel domestically with their tax refund and 6% are setting sail on a cruise.
In contrast, nearly a third (30%) say they won’t spend their FY 2025 tax return on travel at
