Investing my surplus cash
I'm a primary producer and need cash reserves to prepare for the future
If you’re a primary producer, you can set aside pre-tax income now, to ensure cash reserves are available when you need them in the future.
The Farm Management Deposit (FMD) scheme for primary producers provides tax concessions and effective risk management benefits. FMD operates in a similar way to a Term Deposit and can assist in smoothing out the ups and downs associated with the business, seasonal and economic cycles of Agribusiness. There are no bank fees, competitive interest rates, and it’s potentially tax deductible. 1
Things you should know
- 1.Before taking up this product seek independent tax advice to determine whether or not this product meets your needs.
