RetireJapan

MBK wrote: ↑Tue Jun 21, 2022 7:28 am Hm, right, that`s what I thought so.

I have started in June with 33,333 JPY per month, so I shall still have a leftovr of 166,669 JPY. It even states so on the NISA page on Rakuten.

However, when I tried to set up a bonus payment for 80,000 JPY for a month of July, the system mentioned that a yearly allowance would be exceeded.

Any idea what I might be doing wrong here?

gnakarmi wrote: ↑Tue Jun 21, 2022 8:05 am

MBK wrote: ↑Tue Jun 21, 2022 7:28 am Hm, right, that`s what I thought so.

I have started in June with 33,333 JPY per month, so I shall still have a leftovr of 166,669 JPY. It even states so on the NISA page on Rakuten.

However, when I tried to set up a bonus payment for 80,000 JPY for a month of July, the system mentioned that a yearly allowance would be exceeded.

Any idea what I might be doing wrong here?

I have only used regular NISA, so I am just assuming without any personal experience of T-NISA here.

But could it be that you changed the monthly tsumitate amount mistakenly instead of the bonus payment.
(that would make it 80,000 x 6 months from July = 480,000)
So, it said yearly allowance exceeded.

MBK wrote: ↑Tue Jun 21, 2022 7:02 am I have tried to set up the bonus payment, though the system did not allow me to claiming I would have exceeded yearly contribution.

Is Tsumitate Nisa yearly allowance counted from Jan to Dec or is it counted as one year from the month started (in my case I started in June, so it would be June to May)?