We're not the only ones that like eMaxis Slim all-country

[bryanc]

you are very kind -many thanks..i am going to do it for my wife and i though she is very limited as a gov employee..
another very newbie question i have -as a company employee how does this reduce my income tax payments-is this linked to the
companies salary payments in some way?

[Moneymatters]

you are very kind -many thanks..i am going to do it for my wife and i though she is very limited as a gov employee..
another very newbie question i have -as a company employee how does this reduce my income tax payments-is this linked to the
companies salary payments in some way?

That's another "it depends".

Some people need to pay themselves then submit a year end tax adjustment, such as self employed or small company employees (the company being small, the employee can be any size of course.).

For those in recognised industries and institutions they might have the opportunity to pay at source (by the employer) which of course is easier to administrate.

This is just my understanding after a quick look online. Happy to be corrected.

[adamu]

you are very kind -many thanks..i am going to do it for my wife and i though she is very limited as a gov employee..
another very newbie question i have -as a company employee how does this reduce my income tax payments-is this linked to the
companies salary payments in some way?

That's another "it depends".

Some people need to pay themselves then submit a year end tax adjustment, such as self employed or small company employees (the company being small, the employee can be any size of course.).

For those in recognised industries and institutions they might have the opportunity to pay at source (by the employer) which of course is easier to administrate.

This is just my understanding after a quick look online. Happy to be corrected.

It's not really related to company size. It's a combination of individual and company preference, with the company getting the deciding vote.

Similar question here viewtopic.php?f=6&t=1328

There are two options.

1. Pay monthly from your bank account and claim that tax back in your end of year adjustment or tax return
2. Employer takes it from your salary before taxes are deducted.

[jcc]

#1 has the lowest cost. That's definitely something good going for it. Personally I don't feel comfortable on relying solely on the US to drive the global economy, and my savings - who knows what will happen in the future.

Am I just crazy or was this not always the case?

I remember in the past doing some math and figuring that "mixing your own" was cheaper(I think at the time the world fund was like .2%)

I guess there's really no good argument other than "control" for mixing your own now.

Regularly rebalancing was the only thing that had me logging in to rakuten, so I feel like I might miss that

[adamu]

Am I just crazy or was this not always the case?

I remember in the past doing some math and figuring that "mixing your own" was cheaper(I think at the time the world fund was like .2%)

Yep that was true, but then they lowered the cost of all country, and now it's cheaper (that was the original discussion. The quoted post is about S&P500 though). I've not checked whether the kokusai fund is cheaper than developed + emerging though.

[jcc]

Am I just crazy or was this not always the case?

I remember in the past doing some math and figuring that "mixing your own" was cheaper(I think at the time the world fund was like .2%)

Yep that was true, but then they lowered the cost of all country, and now it's cheaper (that was the original discussion. The quoted post is about S&P500 though). I've not checked whether the kokusai fund is cheaper than developed + emerging though.

Well, emerging is still roughly .2 and developed is 0.1 and all japan funds tend to be somewhere in between, but the whole world is about 0.1 so I'm pretty confident it should be cheaper.