OFFICIAL RATE OF INTEREST – CONFIRMED AT 3.75% FROM APRIL 2026
- ASESA Solutions Ltd
- May 26
- 1 min read
The official rate of interest (ORI) is used to calculate the taxable benefit on employment-related loans and certain living accommodation provided to employees.
The ORI will remain at 3.75% from 6 April 2026.
As announced at Autumn Budget 2024, the ORI will now be reviewed quarterly to assess whether it should be increased, decreased or maintained.
Any changes will take effect on:
6 April 2026
6 July 2026
6 October 2026
6 January 2027
What this means for employers
If you provide employment-related loans or living accommodation to employees, you will need to ensure the correct ORI is applied when calculating the taxable value of these benefits.
You should also be aware that the rate may change during the tax year, which could affect benefit calculations in-year.