Beneficial loan arrangement rates to increase from 6 April 2023

28 March 2023

Along with many other changes coming from 6 April 2023 for the new tax year is an increase to the beneficial loan interest rates.

From 6 April 2023, the actual official rate will increase from 2.00% to 2.25% after spending two years at the lower rate.

As this is changing from 6 April you won’t need to worry about this in situations where you need to use the yearly average, cush as the normal averaging method of calculation.

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