Retiree Tax Rate

[UBear]

Just wondering if there are a series of tiers and /or reductions in any of the taxes rates, health insurances, city taxes by age after reaching retirement age and where that information is.

ie if at 60, 65, 67 there is a different tax rate scale

[RetireJapan]

I don't believe there is. There is a pension tax allowance, but basically people in retirement will have less income and thus be taxed less (and pay less for health insurance, etc. based on that).

Keep in mind that investment income etc. can be treated separately and not added to your general income, so you can end up with a very low income on paper.

[beanhead]

Keep in mind that investment income etc. can be treated separately and not added to your general income, so you can end up with a very low income on paper.

Do you have more specifics on this? I believe that the capital gains tax is the same whether selling for a profit or receiving a dividend. The 20 plus a little bit %.
Do you mean that this will be lower generally than pension income or the tax rate for part-time work in retirement ?

[RetireJapan]

Keep in mind that investment income etc. can be treated separately and not added to your general income, so you can end up with a very low income on paper.

Do you have more specifics on this? I believe that the capital gains tax is the same whether selling for a profit or receiving a dividend. The 20 plus a little bit %.
Do you mean that this will be lower generally than pension income or the tax rate for part-time work in retirement ?

Oh, this is just me thinking about how you can sell your NISA investments (no tax) or things in your tax-deducting account (no tax declaration) and then seem like you have no income on paper. This means your health insurance, local taxes, etc. will be minimal.

Seems like a lot of the Japanese FIRE people do this (get fully exempt from nenkin too).

[beanhead]

Oh, this is just me thinking about how you can sell your NISA investments (no tax) or things in your tax-deducting account (no tax declaration) and then seem like you have no income on paper. This means your health insurance, local taxes, etc. will be minimal.

Seems like a lot of the Japanese FIRE people do this (get fully exempt from nenkin too).

Ah, got it. Thanks.