RetireJapan

Roger Van Zant wrote: ↑Thu Dec 03, 2020 12:34 pm

Kanto wrote: ↑Thu Dec 03, 2020 11:45 am

adamu wrote: ↑Thu Dec 03, 2020 11:37 am For the middle name thing, I think you need to replace MONEX with Japan

Yes, this is the Reason my Rakuten Securities "NAME" is so messed up. They seem to have allotted space for 3 kanji per entry.

Steve Smith -> Ste Smi

...Sigh They are a TECHNOLOGY company.

But if your registered bank name and the above name are not the same, don't you run into the same problem I have?

Roger Van Zant wrote: ↑Thu Dec 03, 2020 12:51 pm I have a Shinsei bank account which is registered with just my first and last name. It has been sitting dormant for ages. I will try to use this one.
Of course, it means having to fill out all the damn forms again.

Quick question. My 12,000 per month for iDeCo is not taken out of my pay check by my employer. I don't know why. I thought it would need to be, so that I can pay less in taxes. Instead, I have to pay it from my bank account. How do I go about making sure I pay less income tax? It seems very convoluted....I wish my employer could just deduct the money for me, like they do my city tax each month....

Kanto wrote: ↑Thu Dec 03, 2020 12:58 pm

Roger Van Zant wrote: ↑Thu Dec 03, 2020 12:51 pm I have a Shinsei bank account which is registered with just my first and last name. It has been sitting dormant for ages. I will try to use this one.
Of course, it means having to fill out all the damn forms again.

Quick question. My 12,000 per month for iDeCo is not taken out of my pay check by my employer. I don't know why. I thought it would need to be, so that I can pay less in taxes. Instead, I have to pay it from my bank account. How do I go about making sure I pay less income tax? It seems very convoluted....I wish my employer could just deduct the money for me, like they do my city tax each month....

Your employer should. You hand them the slip "iDeco" mails you in October/November. They handle it.

Roger Van Zant wrote: ↑Thu Dec 03, 2020 1:03 pm

Kanto wrote: ↑Thu Dec 03, 2020 12:58 pm

Roger Van Zant wrote: ↑Thu Dec 03, 2020 12:51 pm I have a Shinsei bank account which is registered with just my first and last name. It has been sitting dormant for ages. I will try to use this one.
Of course, it means having to fill out all the damn forms again.

Quick question. My 12,000 per month for iDeCo is not taken out of my pay check by my employer. I don't know why. I thought it would need to be, so that I can pay less in taxes. Instead, I have to pay it from my bank account. How do I go about making sure I pay less income tax? It seems very convoluted....I wish my employer could just deduct the money for me, like they do my city tax each month....

Your employer should. You hand them the slip "iDeco" mails you in October/November. They handle it.

Oh, that's weird. I asked my employer to deduct the 12,000 directly from my salary, but they said they don't do that, and that it had to come from my bank account. Monex also asked me for my bank account details. Maybe, for some reason, I cannot get the tax rebate?

Kanto wrote: ↑Thu Dec 03, 2020 1:34 pm

Roger Van Zant wrote: ↑Thu Dec 03, 2020 1:03 pm

Kanto wrote: ↑Thu Dec 03, 2020 12:58 pm

Your employer should. You hand them the slip "iDeco" mails you in October/November. They handle it.

Oh, that's weird. I asked my employer to deduct the 12,000 directly from my salary, but they said they don't do that, and that it had to come from my bank account. Monex also asked me for my bank account details. Maybe, for some reason, I cannot get the tax rebate?

This happens at year-end, after your iDeco has been established. You administer the fund yourself.

That is why it is I-Deco and not a DC.

Roger Van Zant wrote: ↑Thu Dec 03, 2020 1:39 pm

Kanto wrote: ↑Thu Dec 03, 2020 1:34 pm

Roger Van Zant wrote: ↑Thu Dec 03, 2020 1:03 pm

Oh, that's weird. I asked my employer to deduct the 12,000 directly from my salary, but they said they don't do that, and that it had to come from my bank account. Monex also asked me for my bank account details. Maybe, for some reason, I cannot get the tax rebate?

This happens at year-end, after your iDeco has been established. You administer the fund yourself.

That is why it is I-Deco and not a DC.

I see. Thanks. So, at year end, I hand my company this slip, and then I get back the tax I shouldn't have paid over the last year or something? Or, my next year's income tax is lowered based on this slip I receive?

Roger Van Zant wrote: ↑Thu Dec 03, 2020 1:03 pm Oh, that's weird. I asked my employer to deduct the 12,000 directly from my salary, but they said they don't do that, and that it had to come from my bank account. Monex also asked me for my bank account details. Maybe, for some reason, I cannot get the tax rebate?

Roger Van Zant wrote: ↑Thu Dec 03, 2020 12:33 pm

fools_gold wrote: ↑Thu Dec 03, 2020 12:07 pm

Roger Van Zant wrote: ↑Thu Dec 03, 2020 10:26 am I cannot register with Monex as I have a middle name.
Their system cannot accept a middle name, unless they add it to your first name without a space.
Of course, this is different from the name registered with my bank, which means I cannot have money taken each month for an iDeCo.

This is Japan in 2020 everyone.

No wonder they are losing so much business to Singapore, China and Hong Kong.

You might want to talk to them about this and see if they can change it to katakana. I have a Monex account registered in my full name (including middle name) in katakana with spaces in between. It's the same as the furigana for my bank account so I have no problems transferring money.

Edit: Come to think of it, I might have registered the katakana as an alias when I took out my house loan.

Thanks, but this won't work, as on Monex's site, you cannot put a space between first and middle name, meaning it won't match with my bank account name. I am so pissed off, that I am this close to just telling them to F off and I will go with Rakuten instead. This means I won't be able to access the eMaxis All Country, but I'll just have to find something which Rakuten offers through iDeCo which is as good. Any suggestions?