Did you know that the average Irish PAYE tax refund that a Taxback.com customer receives is €1,880? That's a good chunk of change, isn't it? What will you spend your tax refund on? The possibilities are simply endless! Here are 7 things to consider.
Plan an adventure trip
Sometimes we put off traveling, as we have more important things to spend our money on or because we cannot afford it. It's a cliché, but travelling is probably the one thing you can spend money on that actually makes you richer (culturally richer, that is!). What's more we all need to escape the rat race, so investing in that airplane ticket can really improve your overall happiness.
Take a class (why not start a language course)
Upskilling in any area is always a great choice. If you are itching a career change in the New Year, or simply to increase your salary, investing in your education can give you a new direction. The business world is changing at lightning speed, and you need to add new skills to keep pace. What's more, we all know that learning a new language is a great way to keep our minds sharp.
Invest in your health
Many individuals spend significant time managing their finances, but few take the time to deploy focus on their wellbeing. With this in mind, you could consider investing in health insurance, so that you have peace of mind for the future.
Repair something in your house
Our home is our fortress, isn't it? No, we do not suggest spending money on shiny Christmas lambs for your fence. What about small improvements and making your home more energy efficient? Why not change that drafty front door, install double glazed windows or buy an air conditioner that will reduce your electric bill instead? That way you can save on your taxes and save on your household expenses for years to come! Even small renovations can boost your home's value.
Buy Your Mother a Gift
Moms come first. The most important woman in your life deserves to be spoilt a little. Maybe all that matters to her is spending more time together, why not take her on a trip with you? She will most probably love it!
Donate to a charity cause
Donating money to a charity cause that you are passionate about and making a little difference for the better in other people's lives is a satisfying way to spend your tax refund. This can also lead to a potential donation deduction on next year's tax return. Don't underestimate the power of giving!
Do something FUN with your ReFUNd
Finally the fun part! In the modern world we are constantly on the go. Allowing yourself a little indulgence is beneficial to your mental health. Pamper yourself a little! Book an appointment for a massage, or a day in the Spa centre or just a weekend away. Anything that will make you feel recharged.
If you haven't claimed your tax refund yet, now is a great time to do it!
That way you may receive your money even before Christmas.If dealing with tax paperwork is the last thing you want to do, why not apply with www.taxback.com?
Our experienced tax team will prepare all of your tax forms, guide you through the entire process and transfer your maximum tax refund straight to your bank account.
The average Irish tax refund is €1,880