Hoping for guidance

[adamu]

... when you sell products in your NISA, you get back an allowance equal to the initial purchase price

The key point is original purchase price.

If you invest 10k, it grows to 20k, and you sell it, you only get back the original 10k of allowance to reinvest.

As always, it's on the wiki
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024

[mikele3]

As always, it's on the wiki
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024

I have been to the wiki quite a few times recently, but I missed to check the entry on NISA; that is great, thanks Adamu.

[JimNasium]

... when you sell products in your NISA, you get back an allowance equal to the initial purchase price

The key point is original purchase price.

If you invest 10k, it grows to 20k, and you sell it, you only get back the original 10k of allowance to reinvest.

As always, it's on the wiki
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024

What happens if you sell 5k of the 20k. You get 5k back? 2.5k back?

[adamu]

What happens if you sell 5k of the 20k. You get 5k back? 2.5k back?

2.5k allowance back.

Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.

[RetireJapan]

Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.

Are you sure about that, particularly in the case of mutual funds?

[Tsumitate Wrestler]

Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.

Are you sure about that, particularly in the case of mutual funds?

Mutual funds have units, and they are priced per unit. I would imagine this exists in the backend and would be fairly straightforward to calculate.

[Tkydon]

Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.

Are you sure about that, particularly in the case of mutual funds?

Mutual funds have units, and they are priced per unit. I would imagine this exists in the backend and would be fairly straightforward to calculate.

The amount credited back to the Lifetime Allowance will be the actual purchase price of each unit sold.

[adamu]

Note that it's not a straight fraction, it's first-in-first-out based on the purchase price at the time of purchase.

Are you sure about that, particularly in the case of mutual funds?

Yep. That's what all the talk of book value (簿価残高方式) was in earlier threads.

[RetireJapan]

Note that it's not a straight fraction, it's first-in-first-out based on the purchase price at the time of purchase.

Are you sure about that, particularly in the case of mutual funds?

Yep. That's what all the talk of book value (簿価残高方式) was in earlier threads.

I wonder if you'll be able to see this in the account before selling, or if it will just show up as extra lifetime allowance later...