--- title: The five best places to put your tax refund to work description: five tips to put your tax refund to work pay off credit card or personal debt or put in superannuation, invest in shares or have emergency money image: https://insights.wlm.com.au/hubfs/Stock%20images/Number%20five%20in%203D%20and%20grass%20texture%20-%20isolated%20over%20white.jpeg --- [![WLM_Logo_RGB_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=521&height=169&name=WLM_Logo_RGB_Orn50.png "WLM_Logo_RGB_Orn50")](http://wlm.com.au/) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) # News, views and more ![Financial Planner](https://insights.wlm.com.au/blog/Financial%20Planner) **Financial Planner** 29 September 2020 — 1 min read ### Share [mailto:?subject=The%20five%20best%20places%20to%20put%20your%20tax%20refund%20to%20work&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0](mailto:?subject=The%20five%20best%20places%20to%20put%20your%20tax%20refund%20to%20work&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0) [mailto:?subject=The%20five%20best%20places%20to%20put%20your%20tax%20refund%20to%20work&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0](mailto:?subject=The%20five%20best%20places%20to%20put%20your%20tax%20refund%20to%20work&body=https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0) ![](https://insights.wlm.com.au/hubfs/Stock%20images/Number%20five%20in%203D%20and%20grass%20texture%20-%20isolated%20over%20white.jpeg) ## The five best places to put your tax refund to work Many taxpayers can expect a bumper tax refund this year as a result of claiming larger home office expense deductions. For those whose finances have been impaired by the pandemic, any refund would likely be used to help meet living expenses. However, those in a more fortunate financial position might be looking for other ways to put their tax refunds to work. Here are five top tips from the experts. [Click here to read more.](https://www.smh.com.au/money/planning-and-budgeting/the-five-best-places-to-put-your-tax-refund-to-work-20200925-p55z94.html) To find out more about WLM Financial's Financial Planning services, click [here.](https://www.wlm.com.au/individual/financial-planning/) [![Wealth and success Free ebook guide](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/6037207/fc3a0e7e-d0e6-4808-a3b9-f37e4726af86.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/6037207/fc3a0e7e-d0e6-4808-a3b9-f37e4726af86) ##### Make a comment [Previous](https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0-0) [Next](https://insights.wlm.com.au/blog/seeking_financial_advice) ## Wealth matters. Ask us how we can help you boost yours. [Contact WLM Financial](http://wlm.com.au/contact/) ## Subscribe Stay up to date with tax and accounting news, and subscribe to our newsletter. [![WLM_Logo_RGB_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=195&height=63&name=WLM_Logo_RGB_Orn50.png) ](http://wlm.com.au/) ###### Contact WLM Financial Services Pty Limited Level 20, 56 Pitt Street, Sydney NSW 2000 GPO Box 5025, Sydney NSW 2001 **T** [02 9221 7777](tel:292217777) ###### Social - - - - - [TAX & COMPLIANCE](https://www.wlm.com.au/services/tax-and-compliance/) - [Business Tax](https://www.wlm.com.au/services/tax-and-compliance/business-tax/) - [Company Secretarial](https://www.wlm.com.au/services/tax-and-compliance/company-secretarial/) - [Self-managed Super Funds](https://www.wlm.com.au/services/tax-and-compliance/self-managed-super-funds/) - [Personal Taxes](https://www.wlm.com.au/services/tax-and-compliance/personal-taxes/) - [Back-Office services](https://www.wlm.com.au/services/tax-and-compliance/back-office-services/) - [AFSL Accounting](https://www.wlm.com.au/services/tax-and-compliance/afsl-accounting/) - [STRATEGY & ADVICE](https://www.wlm.com.au/services/strategy-and-advice/) - [Business Systems](https://www.wlm.com.au/services/strategy-and-advice/business-systems/) - [Outsourced CFO](https://www.wlm.com.au/services/strategy-and-advice/outsourced-cfo/) - [Business Sales](https://www.wlm.com.au/services/strategy-and-advice/business-sales/) - [International Business](https://www.wlm.com.au/services/strategy-and-advice/international-business/) - [Our Trusted Advisor Network](https://www.wlm.com.au/services/strategy-and-advice/trusted-advisor-network/) - [CLIENTS](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance Underwriting, Insurance Brokers & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy Projects & Asset Managers](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based and Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [OTHER](http://wlm.com.au/about/) - [Resources](https://insights.wlm.com.au/blog) - [About](http://wlm.com.au/about/) - [Careers](https://explore.wlm.com.au/careers) - [Contact](https://www.wlm.com.au/contact/) - [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r/Identity/Account/Login?token=) - [Privacy Policy](http://wlm.com.au/privacy-policy/) ###### [Insights](https://insights.wlm.com.au/blog) ###### Legal Notices The information contained in the WLM website, has been prepared from a wide variety of sources, which WLM, to the best of its knowledge and belief, considers accurate. WLM does not however warrant the accuracy of the information and forecasts possibly contained in the WLM website. No visitor to the site should rely upon the information and/or recommendations contained in the WLM website. WLM strongly recommends that all prospective purchasers of securities should make their own inquiries and seek professional advice before acting on any of the information contained in the WLM website. Should you wish to seek advice, please feel welcome to [contact us](http://wlm.advisclient.com.au/contact/). ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Financial Planner", "url" : "https://insights.wlm.com.au/blog/author/professional-planner" }, "dateModified" : "2020-09-30T00:26:49.569Z", "datePublished" : "2020-09-29T12:00:00.000Z", "headline" : "The five best places to put your tax refund to work", "image" : [ "https://insights.wlm.com.au/hubfs/Stock%20images/Number%20five%20in%203D%20and%20grass%20texture%20-%20isolated%20over%20white.jpeg" ], "mainEntityOfPage" : { "@id" : "https://insights.wlm.com.au/blog/mortgage-vs-super-where-should-you-out-your-extra-money-0", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.wlm.com.au/hubfs/WLM_Logo_RGB_Orn50.png" }, "name" : "WLM Financial Services Pty Ltd" } } ```