What happens to iDeCo accounts when you die?

[RetireJapan]

Well...

(very comprehensive write up of the frankly horrendous system for claiming a DC pension when the owner dies)

https://www.reddit.com/r/JapanFinance/c ... _benefits/

[Deep Blue]

That is a fantastic expanation, but My God, what an absolute mess of a system. Japan really should have a wholesale review of the entire inheritance system. I doubt this will happen in my lifetime though, and I'm planning on a few more decades yet.

[RetireJapan]

Only option is to give away as much as possible before dying I guess

[Deep Blue]

... and then try to die on time!

[Gareth]

Well...

A bit of feedback - could you please put more information about the links you post rather than just a one word comment? Particularly if posting to Reddit. This post just looks like spam and it isn’t particularly enticing to click on the link… A one paragraph summary of what the article is about perhaps?

[RetireJapan]

Well...

A bit of feedback - could you please put more information about the links you post rather than just a one word comment? Particularly if posting to Reddit. This post just looks like spam and it isn’t particularly enticing to click on the link… A one paragraph summary of what the article is about perhaps?

I thought the title was fairly descriptive, but fair enough.

Hoping to get permission to repost the whole thing to the blog

[captainspoke]

...

That sub, JapanFinance, is excellent, it's a big group but stays on topic, and several of the people who post there are nothing short of superb in their knowledge and presentation. I browse it all the time.

[beanhead]

...

That sub, JapanFinance, is excellent, it's a big group but stays on topic, and several of the people who post there are nothing short of superb in their knowledge and presentation. I browse it all the time.

Stark is particularly knowledgeable.

[Wales4rugbyWC23]

...

That sub, JapanFinance, is excellent, it's a big group but stays on topic, and several of the people who post there are nothing short of superb in their knowledge and presentation. I browse it all the time.

Stark is particularly knowledgeable.

Stark the Banksy of Japanese finance- Who is he??

Going back to the original post- my non-Japanese spouse hates anything related to documents especially if it requires anything to be written in Japanese. I do not think she has registered her inkan yet. The spouses or family members who will be going through this process will also be grieving for a passed away member of the family, which makes it even a more challenging time. From what I understand in the UK pension pots are passed onto tax free to family members.

[banders]

Would the best idea be to cash in when you've finished paying and moving it to your taxable account at SBI or wherever (or NISA if you have spare)? Tax-wise I assume that'll be about the same as drawing down from iDeCo (?). Even if not, it'll be easy for your spouse to withdraw.