While it’s easy to be consumed by the everyday demands of working in your rural business, the importance of planning your financial future, including selling your rural business and planning your retirement should never be underestimated. The importance of early planning As a financial adviser who has worked with farming families for more than 30…
While we are on the topic of retirement, it is worth considering these interesting and sometimes surprising facts about retirement. The pension age is set to rise. By 2035, you’ll need to be 70 before you can qualify for the Age Pension.[1] What does Australia’s ageing population mean for your retirement? In the next 20…
The Federal Government has announced changes to the Farm Management Deposits (FMD) Scheme, which come into place from 1 July 2016. Key changes include doubling the amount that may be held in FMDs and allowing the use of FMDs as a farm business loan offset. Enhancements to the FMD Scheme include: Doubling the FMD cap…