100% Claimable Exercise Programmes
IRD have teamed up with the Exercise Association of New Zealand with an initiative called SMEAEP: Stress Management Exercise Association Endorsed Programme. The idea behind the initiative is that exercise and lifestyle changes play a huge role in managing stress levels in the workplace.
If you are an employer, there is no FBT adjustments on SMEAEP endorsed programmes which you provide to your employees. If you are self-employed, these programmes are 100% claimable as a business expense.