Farm Management Deposit
Essentials
- Manage your cash flow and enjoy tax concessions
- Provides tax concessions, bonus interest rates and effective risk management benefits
- No bank fees
- Deposit from $1,000 to $400,0001
- Deposit must be held for a minimum of 12 months
- Deposit may be fully tax deductible in the year deposit made and fully taxable in the year withdrawn 2
- Bonus interest rates for amounts from $20,000 up to $250,000 – not in conjunction with any other special offer.
Additional information
- For more information on the Farm Management Deposit scheme, visit the Agriculture Fisheries and Forestry Australia website.
- Information for primary producers who are in areas covered by an Exceptional Circumstances Declaration
Did you know?
In 2011, Money Magazine has awarded Westpac the prestigious 'Business Bank of the Year" award for the fourth year in a row.
Related documents
Things you should know
- 1.You must be an individual primary produces with a taxable non farm income of less than $65,000 and whose Farm Management Deposit accounts are all held with Westpac.
-
2.The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation.
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.
