Simple Q&A - NISA

[TBS]

Is there a similar passive fund with either Rakuten or SBI? I'm willing to listen to recommendations if there is something better.

eMAXIS Slim All Country - this tracks the MSCI All Country World index.

SBI and Rakuten have funds which track the FTSE Global All Cap index, but these are less competitive than eMAXIS Slim All Country when all costs are considered.

[Kanto]

Quick question,

We've recently opened my wifes Tsumitate NISA and iDeco with Rakuten and so far no problems. We're in the process of opening mine, but I'm expecting to run into problems with my middle name as always.

I had a passive fund back in the UK with Vanguard and I had it set up to invest monthly into the FTSE Global all cap.

Is there a similar passive fund with either Rakuten or SBI? I'm willing to listen to recommendations if there is something better.

Thanks

If you are married to FTSE ALL caps you can invest in Rakuten`s Vanguard VT Wrap.
https://www.rakuten-sec.co.jp/web/fund/ ... 90C000FHC4

Most people recommend MSCI ACWI funds (Competitor index) as they are cheaper in Japan.
https://www.rakuten-sec.co.jp/web/fund/ ... 90C000H1T1

[Gareth]

If I sign up for a NISA or tsumitate NISA account, am I under any obligation to actually use it?

I'm not sure whether tsumitate requires the monthly deposit.

I have my Tsumitate NISA open. I wasn't required to set anything up in order to open the Tsumitate NISA and I still haven't set anything up a month later. It looks like you can set it up and get started at your own pace. I have a few expenses coming up in the next few months so I can get started once they are out the way.

[John_conner]

Hi

Do you need to have permanent residency to be legible for nisa and ideco?

Many thanks

[Kanto]

Hi

Do you need to have permanent residency to be legible for nisa and ideco?

Many thanks

No.

[John_conner]

Hi

Do you need to have permanent residency to be legible for nisa and ideco?

Many thanks

No.

Many thanks

I’ve been reading that ideco should be the first priority, then NISA. Do people agreee with this? Thanks

[Kanto]

Hi

Do you need to have permanent residency to be legible for nisa and ideco?

Many thanks

No.

Many thanks

I’ve been reading that ideco should be the first priority, then NISA. Do people agree with this? Thanks

iDeco is an excellent vehicle for saving for retirement. You cannot access the funds til 60.
NISA is an excellent vehicle for saving for the medium to long term. (20 years max).

It would depend on your age, future retirement plans etc etc.

[John_conner]

No.

Many thanks

I’ve been reading that ideco should be the first priority, then NISA. Do people agree with this? Thanks

iDeco is an excellent vehicle for saving for retirement. You cannot access the funds til 60.
NISA is an excellent vehicle for saving for the medium to long term. (20 years max).

It would depend on your age, future retirement plans etc etc.

I pay into my un pension, Japanese pension, just opened a Rakuten account. Problem is don’t know where I will be in the future here or the uk

[zeroshiki]

Many thanks

I’ve been reading that ideco should be the first priority, then NISA. Do people agree with this? Thanks

iDeco is an excellent vehicle for saving for retirement. You cannot access the funds til 60.
NISA is an excellent vehicle for saving for the medium to long term. (20 years max).

It would depend on your age, future retirement plans etc etc.

I pay into my un pension, Japanese pension, just opened a Rakuten account. Problem is don’t know where I will be in the future here or the uk

In that case, opening regular NISA (5 years tax free, 1.2M JPY limit annually) might be what you're looking for. Tsumitate NISA is for 20 years with a 400k max per year. If you think you can go over 400k a year and you're not sure if you're in Japan long term, regular NISA would be the safe bet.

[John_conner]

iDeco is an excellent vehicle for saving for retirement. You cannot access the funds til 60.
NISA is an excellent vehicle for saving for the medium to long term. (20 years max).

It would depend on your age, future retirement plans etc etc.

I pay into my un pension, Japanese pension, just opened a Rakuten account. Problem is don’t know where I will be in the future here or the uk

In that case, opening regular NISA (5 years tax free, 1.2M JPY limit annually) might be what you're looking for. Tsumitate NISA is for 20 years with a 400k max per year. If you think you can go over 400k a year and you're not sure if you're in Japan long term, regular NISA would be the safe bet.

Many thanks

Can the 5 years NISA only be done once?

Would even 10 years in the ideco be worth it?

Thanks