Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
The functionality for the company car system item has been expanded to include a 100% taxable option.
A change in the repo rate results in a change in the fringe benefit interest rate for low or interest free employer loans to employees.
Due to the recent drop in interest rates by the reserve bank, the fringe benefit interest rate on low or interest free loans will now be 6% instead of 6.5%.