Tax time is nearly here in Australia, and it can often be one of the most confusing things for a young person to get their head around.
In a time of high inflation, economic uncertainty and a rapidly rising cost-of-living, students and young Australians are very concerned about money.
Recent Student Edge research shows that 90 per cent of Gen Zs are always looking for ways to save money and 72 per cent use a budget.
View this post on Instagram
So, when it comes to tax time, Gen Zs are looking to maximise their returns and better understand their tax obligations.
Our members always want to know more about their tax obligations and how to manage them.
Recently, members highlighted taxes as something they wish they knew from a younger age.
View this post on Instagram
Understanding Tax
To avoid uncertainty and confusion around tax time, we’re always looking for ways to support our members.
Student Edge members can access our Real Money Talk learning pathway, which will give them the tools to understand money, finances, banking, superannuation, and most importantly, taxes.
We also regularly produce content designed to shed light on taxes and finances for young Australians, including:
- Three Sweet Tips To Get Your Money Back At Tax Time
- Baffled By Tax Talk? Here’s What You Need To Know About Your Tax Return
- How Tax In Australia Works: All Your Questions, Answered by the ATO
- Applying For A Tax File Number
- Meet the Tax Rap Boys: How Two Students Tried to Make Tax and Superannuation Lit
Over the next few months, students will be undertaking their tax returns, and Student Edge will be there to help.
By producing dedicated content surrounding taxes and finances, we’re aiming to help prepare students for their adult lives and better protect their finances in the current economic environment.
