FBT - ATO Benchmark Interest Rates - Fringe Benefits Tax

Statutory Interest Rates

The benchmark interest rate is used to calculate the taxable value of:

> a fringe benefit provided by way of a loan

> a car fringe benefit where an employer chooses to value the benefit using the operating cost method.

The statutory interest rate is set by reference to the standard variable rate for owner-occupied housing loans of the major banks that the Reserve Bank of Australia published most recently before the beginning of the FBT year (usually the February rate).

Statutory Rate
FBT year	Benchmark rate	Reference
1 April 2021 to 31 March 2022	4.52%	N/A
1 April 2020 to 31 March 2021	4.80%	N/A
1 April 2019 to 31 March 2020	5.37%	TD 2019/6
1 April 2018 to 31 March 2019	5.20%	TD 2018/2
1 April 2017 to 31 March 2018	5.25%	TD 2017/3
1 April 2016 to 31 March 2017	5.65%	TD 2016/5
1 April 2015 to 31 March 2016	5.65%	TD 2015/8
1 April 2014 to 31 March 2015	5.95%	TD 2014/5
1 April 2013 to 31 March 2014	6.45%	TD 2013/8
1 April 2012 to 31 March 2013	7.40%	TD 2012/7
1 April 2011 to 31 March 2012	7.80%	TD 2011/6
1 April 2010 to 31 March 2011	6.65%	TD 2010/6
1 April 2009 to 31 March 2010	5.85%	TD 2009/10
1 April 2008 to 31 March 2009	9.00%	TD 2008/7
1 April 2007 to 31 March 2008	8.05%	TD 2007/10
1 April 2006 to 31 March 2007	7.30%	TD 2006/24
1 April 2005 to 31 March 2006	7.05%	TD 2005/8
1 April 2004 to 31 March 2005	7.05%	TD 2004/12
1 April 2003 to 31 March 2004	6.55%	TD 2003/8
1 April 2002 to 31 March 2003	6.05%	TD 2002/13
1 April 2001 to 31 March 2002	7.55%	TD 2001/4
1 April 2000 to 31 March 2001	7.30%	TD 2000/19
1 April 1999 to 31 March 2000	6.50%	TD 1999/2
1 April 1998 to 31 March 1999	6.70%
1 April 1997 to 31 March 1998	7.55%
1 April 1996 to 31 March 1997	10.50%
1 April 1995 to 31 March 1996	10.50%
1 April 1994 to 31 March 1995	8.75%
1 April 1993 to 31 March 1994	7.25%
1 April 1992 to 31 March 1993	9.25%
1 April 1991 to 31 March 1992	13.50%
1 April 1990 to 31 March 1991	14.90%
1 April 1989 to 31 March 1990	14.25%
1 April 1988 to 31 March 1989	12.75%
1 April 1987 to 31 March 1988	14.75%
1 April 1986 to 31 March 1987	14.75%

FBT - Benchmark Interest Rates