11/05/2026
The Australian Taxation Office (ATO) pays interest—known as Interest on Early Payments (IEP)— if you pay certain tax liabilities more than 14 days before the due date.
The ATO automatically calculates and pays this interest into your nominated bank account provided the interest amount is $0.50 or more.
The interest is paid after the original due date of your tax payable has passed. If you have a mygov account that is linked to the ATO online services you will receive a notification from them and you may have to update your bank details.
More information here: https://www.ato.gov.au/individuals-and-families/paying-the-ato/interest-and-penalties/interest-we-pay/interest-on-early-payments