Personal Finance for Residents of Japan
https://retirejapan.com/forum/
So much this - especially the RRSP which allows you to reduce (defer) your taxable income by investing it for retirement. I know the Japanese government needs the tax dollars to fund steak dinners for the PM and bribes for an Olympics that nobody wants but giving us a pre-tax retirement investment fund would be a real boon to savers here.Or even better the Canadian TFSA and RRSP system!
IDeco is a pretty close fit. You invest your pretax income, and your proceeds are tax-free up to a certain amount.eyeswideshut wrote: ↑Wed Dec 23, 2020 8:58 amSo much this - especially the RRSP which allows you to reduce (defer) your taxable income by investing it for retirement. I know the Japanese government needs the tax dollars to fund steak dinners for the PM and bribes for an Olympics that nobody wants but giving us a pre-tax retirement investment fund would be a real boon to savers here.Or even better the Canadian TFSA and RRSP system!
Apparently you get to roll over that part based on the acquisition cost rather than the current market value. So, even if your 200,000 yen has grown to 400k you still have 200k of your allowance available after rolling over.RetireJapan wrote: ↑Wed Dec 02, 2020 10:09 am I think they have decided to phase out ordinary NISA. However, I wish they had made the roll-overable part 40万 instead of 20万!
That's... really confusing. Of course that is how this will workfools_gold wrote: ↑Sat Dec 26, 2020 4:50 amApparently you get to roll over that part based on the acquisition cost rather than the current market value. So, even if your 200,000 yen has grown to 400k you still have 200k of your allowance available after rolling over.RetireJapan wrote: ↑Wed Dec 02, 2020 10:09 am I think they have decided to phase out ordinary NISA. However, I wish they had made the roll-overable part 40万 instead of 20万!
https://www.daiwa.jp/sodatte/lesson/s0274/
