What happens to iDeCo accounts when you die?

[TokyoBoglehead]

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.

Considering your investments continue to grow tax-free I would wait for the mandatory withdrawal date of 75 and probably do a yearly withdrawal plan.

It is true that the tax-free pot is shared, and only 15,000,000 yen. BUT only half the funds that exceed that amount are taxed.

However,I am a category 3 person I will likely have a large iDeco and a very small pension. It all depends on your tax situation.

I imagine that the formula and calculations will change with time.

[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.

Considering your investments continue to grow tax-free I would wait for the mandatory withdrawal date of 75 and probably do a yearly withdrawal plan.

Sorry, I meant invest in eMAXIS All Country in a taxable account. Not leave it as cash.

[sutebayashi]

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.

Amen.

I have hopefully 4 to 5 decades left, and hope for a reset so these things can be dispersed with.

If you wanted to design a system to create employment for tax advisors and benefit people who can afford tax advisors, this is what it would look like!