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Farm Management Deposits
Farm Management Deposits scheme is a tax-linked, risk-management tool which allows primary producers to deal with variable income.
The scheme allows primary producers to set aside taxable primary production income in profitable years, to be withdrawn, usually in lower income periods.
Farm Management Deposits provide tax benefits if kept for at least 12 months (Exceptional Circumstances-declared areas may be exempt). Interest is earned at market rates on the deposit’s full amount.
Farm Management Deposits are offered through authorised deposit-taking institutions such as banks, building societies and credit unions.