Division 7A: benchmark interest rate for 2024-25
July 22, 2024
The ATO has confirmed that the benchmark interest rate for Div 7A purposes is 8.77% for the 2024-25 income year (up from 8.27% for 2023-24). The only time the rate was higher was in 2008-09, when it was 9.45%.
The ATO no longer issues annual rulings on the matter and has now withdrawn TD 2018/14, which set out the 2018-19 benchmark interest rate.