tsumitate nisa new year

[germanium9]

Hi,

Last year 2022, I set up an allocation of ¥10.000 for eMAXIS Slim 米国株式(S&P500), payment using Rakuten credit card.

To my knowledge, tsumitate nisa is for one year and after one year the deductions will stop?

But I checked today under 積立設定一覧. And the deduction for this allocation is still active. Does it mean that this year, this allocation will continue?

[TokyoBoglehead]

Hi,

Last year 2022, I set up an allocation of ¥10.000 for eMAXIS Slim 米国株式(S&P500), payment using Rakuten credit card.

To my knowledge, tsumitate nisa is for one year and after one year the deductions will stop?

But I checked today under 積立設定一覧. And the deduction for this allocation is still active. Does it mean that this year, this allocation will continue?

It will continue to auto buy until cancelled. (This is considered a feature, not a bug).

It MAY stop in 2024 after the New NISA begins and the tsumitate system ends.

If you do decide to cancel it check the stated cancelation date, if you cancel after this date it will still rebuy one more time before canceling.