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Get started with these 3 simple steps.

There are few certainties in life, and one of them is taxes. When it comes to tax time, many of us would rather put off doing our taxes than cross them off the to-do list.

But did you know, most Australians on average receive $2,571* from their tax return? That’s why it’s worth taking the time to prepare and do them properly. To help make things easy, here are a few simple steps to get you started.

Step 1: Download your Interest and Tax summary

Download your summary to verify your bank account interest is accurate when you lodge your tax return. Your summary shows interest paid, received, withheld tax and up to three years of financial history.

Step 2: Get your deductibles sorted.

Quickly find out how much you can claim by searching up to three years of transaction history in Online and Mobile Banking.

Step 3: Collect other summary statements

Download up to seven years of statements to help you reconcile your finances when you complete your return.

Are your details up to date?

Check that your personal details are complete and up to date (including your tax-residency status). Any details that don’t match the ATO records can cause processing delays.

Update your details


Receiving your Tax Refund

Whether it’s online, by mail or registered accountant, your tax return should be lodged by 31 October 2019. If you qualify for a tax refund and nominated your Westpac account on your tax return, any tax refund will be deposited directly into your account.


Get your accountant 
on board

  • Export transaction history: Users of MYOB, QuickBooks or Xero can export their banking transaction history into software friendly formats.
  • Give your accountant access: Set up a special login for your accountant. Simply choose their level of access and the time frame they can access the account within.

Australian stats on tax
 

78%

of us receive a refund.*
Those are some good odds, so stop putting it off.

$2,571

is the average return.*
In case you were wondering how yours compared...

$770

is the average amount claimed for charitable deductions.*
Get generous and experience
that feel-good factor.

 

29%

of us do our own tax.*
DIY is probably much easier than you think!


Need to download the Westpac App?

Things you should know

Westpac Online Banking Terms and Conditions apply.

This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it.

*As cited in the Taxation statistics 2016–17 publication available here. Conditions, fees and charges apply.

These may change or we may introduce new ones in the future. Full details are available on request.

Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it.

Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding.

Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.