IDeCo changes December 2024

[RetireJapan]

When the contribution limits go up in December, will it be a simple matter to raise your contributions if you wish to, or will it be a bureaucratic pain? Anyone have any info on this?

I'm guessing you'll need to send in a paper form to change your monthly payment amount.

I'm a private school teacher, so same limits as public servants, and rakuten sent me an email about the upcoming changes, all I had to do was login and click a button and they said my contributions would increase from December. It was, surprisingly, easy ... (fingers crossed)

That's great news, thanks for letting me know!

If you still have access to that screen, could you send me a screenshot of it?

[halfmanhalfsenbei]

You can change your contribution amount from within the iDeCo page of your Rakuten Sec. account.
On the main page, there is a pink box with various notifications in it.
Under お知らせ there is a notification titled: ・【2024年12月制度改正】iDeCoの掛金拠出限度額が変更に
Click that and you are guided through. Took me 2 minutes to change my contributions going forward.
Cheers!

[MyTime]

I'm a private school teacher, so same limits as public servants, and rakuten sent me an email about the upcoming changes, all I had to do was login and click a button and they said my contributions would increase from December. It was, surprisingly, easy ... (fingers crossed)

I got the same email and also clicked the button to notify them that I wanted to increase my contributions to the maximum 20,000 yen.

A confirmation message was then displayed on the screen, but there were no further procedures to specify my new monthly purchases or anything--I'm guessing that will come later...??

[xie2kuro4]

Here are the screenshots from the Rakuten system for updating your contributions.

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[xie2kuro4]

Here is the last image as I couldn't include it in the last post.

[RetireJapan]

Here are the screenshots from the Rakuten system for updating your contributions.

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Fantastic! Thank you so much