Poll result: 67% say they will save extra disposable income from personal income tax cuts
Our opt-in opinion poll of readers found that more than two thirds planned to save or repay debts with any extra disposable income from the personal income tax cuts that kicked in after October 1.
The poll asked the following question:
What are you planning to do with any extra take-home pay after the October 1 income tax cuts?
The results were as follows:
Save it or repay debts. This money is going straight in the bank to repay the mortgage or build up a term deposit. Safest and easiest. 67% (329 votes)
Spend it. It's time to have some fun. The sun is shining. This recession has been long enough. Life is short. 15% (73 votes)
Buy some time by 'trading down' to a job that requires fewer hours worked but generates the same after tax income. 7% (36 votes)
The poll remains open. Vote here.
Here is the new poll: Do you support Labour's new policy of blocking foreign ownership of farmland and monopoly assets?