When you bottle/rack your beer from that fermenter, fill the fermenter with a quater of water and then mix it around and pour it on the garden - the plants will love it.
If you are using chunks of hops they are known to be harmfull to animals if they eat them. So if you have a dog make sure you put the hops in the bin, cats.. well let them eat it fo all I care
On the original question, yep it's normal it's a good idea to rack your beer to get it clear.
Nah! keep it in some bottles in the fridge for a while under an inch or so of sterilised/boiled and cooled water. Taste the beer, if it made good beer use it again in a later batch. Thats what I would do, I'm just yeast mean , feed the plants!
Here is a tip for nuttin. If you are not going to rack your first brew and bottle straight from primary in to stubbies,pull the first one into a longneck or pet bottle as you will get a surge of yeast sediment from near the tap in the first one.It will then pour/fill clearer after that.