Financial Adviser

Tax guide for New Zealand self-employed financial advisers and planners

Allowable Expenses

• Professional licences & fees — FMA licensing fees, AFA annual fees, authorisation costs
• Professional indemnity insurance — Required for all financial advisers
• Professional memberships — Financial Advice NZ, INFINZ
• Client management software — CRM, financial planning tools, portfolio software
• Continuing education — CPD requirements, product training, compliance updates

Tax Tips

• FMA licensing fees are a deductible business expense
• Professional indemnity and public liability insurance premiums are fully deductible
• Financial planning software subscriptions are 100% deductible if used for client work

Frequently Asked Questions

Are FMA licensing fees deductible for NZ financial advisers?

Yes. Annual FMA licensing fees, authorisation costs, and professional body membership fees are deductible business expenses for self-employed financial advisers.