Adhoc Purchase - Tsumitate NISA

[OkiBum]

I personally have a regular NISA account which I have set up with Rakuten credit card to buy 50,000 yen worth of assets. Besides that I make adhoc purchases to make use of the 1.2 mill limit.

My questions is about Tsumitate NISA. A friend of mine has a monthly limit set per month. Can they make adhoc purchases as long as they are within the 400,000 limit?

For example, if they invest 10,000 monthly, they are utilizing 120,000 out of the 400,000. They would like to buy 50,000 worth of mutual funds in December.

Thanks in advance.

[Viralriver]

As far as I understand it, yes - but via the "bonus" option on the purchase page.

[Kanto]

As far as I understand it, yes - but via the "bonus" option on the purchase page.

Yes, they can. They may need to cancel the current Tsumitate setting though, and input it again with the bonus.

They should do this asap. The cutoff for NISA is in mid-December.

[OkiBum]

Could you explain the bonus bit in detail? I will need to understand it first before I can help them.

[Viralriver]

See attachment. The part on the left is how much you want to put in per month, the part on the right is the bonus. Clicking する turns bonus payments on and it can be a 1 or 2 time payment.

Don't take my word completely as I'm yet to do this, but will be over the next week once I've decided where I want to invest, but the process is as follows for a 50k ad-hoc payment, assuming just one product:

積立金額: 100 JPY (min.)
ボーナス設定: 49,900 JPY (just set December, 1 time)

This is assuming he has not spent too much already. Even though the limit is 400k per year, the 積立金額 amount is multiplied by 12 in the balance calculation, even if there is only 1 month left where they can take the payment.

For example, if you wanted to do exercise the whole 400k in just December after not spending anything, over 2 different products equally, you would have:

積立金額: 100 JPY for each product

Remaining: 400,000 - 12 * 2 * 100 = 400,000 - 2,400 = 397,600

Bonus for each: 397,600 / 2 = 198800

And actually the total amount you would invest that year is 397,600 + 200 = 397,800 JPY (you lose out on the 積立金額 payments for Jan-Nov). Obviously, you lose out even more the more product you invest in.

Again, this is just my current understanding of *almost* going through with the purchase, but putting it off until I do a little more research. Maybe someone else can chime in.

[Viralriver]

Apologies for the double post - wanted to get an additional attachment in. This is what it would like if you did what I suggested over 2 products. This would mean putting in 100 JPY for the monthly payment for both, and a bonu payment of 198,800 JPY for both coming out just in December (not setting a second month). You can see the total that actually gets invested is 397,800 JPY and you lose the rest to the months you didn't actually invest.

But again, I'll repeat for the 3rd time, I can't be sure that those months you missed actually just don't get taken out. I assume they don't, but I'll let someone else talk for that.

[OkiBum]

Thanks for the reply. I will ask them to try this out. The screenshots helped a lot

Cheers!

p.s. as for you wanting to do the same, I would suggest do it soon as the holiday season creates a lot of delay and the purchase could eat into your next year's annual limit of 400,000.

[Kanto]

Thanks for the reply. I will ask them to try this out. The screenshots helped a lot

Cheers!

p.s. as for you wanting to do the same, I would suggest do it soon as the holiday season creates a lot of delay and the purchase could eat into your next year's annual limit of 400,000.

Not just that, but you need to get your final purchasing in BEFORE mid-December.

2021 contributions actually start in December 2020.

[adamu]

It looks like you can't avoid subtracting the monthly payments from the "bonus" payment to only make a one-off payment (without monthly contributions). But you can make a bonus payment in addition to your existing schedule as long as it doesn't go over the limit.

For OkiBum's friends' case, since they are already making the monthly tsumitate payments, it looks like the full 50,000 bonus payment will go through.

In addition to Viralriver's screenshots, here the official instructions:

https://www.rakuten-sec.co.jp/web/info/ ... 02-02.html

[OkiBum]

It looks like you can't avoid subtracting the monthly payments from the "bonus" payment to only make a one-off payment (without monthly contributions). But you can make a bonus payment in addition to your existing schedule as long as it doesn't go over the limit.

For OkiBum's friends' case, since they are already making the monthly tsumitate payments, it looks like the full 50,000 bonus payment will go through.

In addition to Viralriver's screenshots, here the official instructions:

https://www.rakuten-sec.co.jp/web/info/ ... 02-02.html

This is fantastic! Cheers!