Consumers tipped to stash tax-cut savings for rainy day

One in three Australians plan to save the windfall when tax cuts come in, according to a survey. (Luis Ascui/AAP PHOTOS)

Rather than spend what they save from upcoming tax cuts, most Australians plan to bank it or pay down debt.

Billed as the primary cost-of-living relief measure of the budget, the government's stage-three package will be predominantly stashed rather than frittered away, according to a survey by National Australia Bank.