RetireJapan

adamu wrote: ↑Wed Nov 20, 2024 4:25 am

adamu wrote: ↑Mon Nov 18, 2024 9:04 am I'm confused.

I'm confused and I run a whole wiki about this stuff.

I think that the bonus function is there to allow investors to invest more than their regular tsumitate instalments when they get paid their (usually) twice yearly bonuses.

So it's basically tough cheese, if are unable to invest up to the annual quota due to starting the tsumitate part way through the year, is what I assume the FSA and SBI people decided when they decided they needed to patch the loophole in the system which allowed some users to invest the maximum quota amount in one single month, rather than taking the tsumitate route.

That's what I understood from the below bit in the SBI announcement:

本サービスでは、定期的な積立の設定金額にかかわらず、つみたて投資枠の年間投資上限である120万円までの追加買付設定を受付けております。 このたび、長期・積立・分散投資による資産形成を後押しする制度の趣旨に鑑み、2025年1月（予定）に以下のとおり「ボーナス月の積立設定」の上限金額を引き下げる仕様変更を実施いたします。

In consideration of the purpose of the system to support asset formation through long-term, distributed, and diversified investment, we will implement a specification change in January 2025 (scheduled) to lower the upper limit of the "bonus month savings setting" as follows.

Right, but isn't this still the case?

adamu wrote: ↑Mon Nov 18, 2024 9:04 am This seems to make it more complex and stop people who start part-way through the year from filling their allowance, while still allowing people who start in January to put away the full amount minus 11 months minimum payments at the start of the year.

adamu wrote: ↑Wed Nov 20, 2024 5:58 am Right, but isn't this still the case?

adamu wrote: ↑Mon Nov 18, 2024 9:04 am This seems to make it more complex and stop people who start part-way through the year from filling their allowance, while still allowing people who start in January to put away the full amount minus 11 months minimum payments at the start of the year.

Yes I suppose it’s more a matter of principle, since there are obviously investors who don’t believe in dollar-cost averaging who are using the bonus function to enable a lump sum purchase of the full 120M yen quota in January.

Although the change in the system will still allow them to lump sum invest 120M yen less 1100 yen or whatever the minimum tsumitate amount for 11 months would be, it does I suppose indicate to the FSA that SBI is trying to keep their customers on the tsumitate path, at least as much as Rakuten and Monex are?

新NISA投資枠360万円の一括投資・購入のやり方【積立120万/成長240万】
https://www.toushikiso.com/nisa/nisa-360.html

Although the unlucky punter who starts on the NISA journey mid-year will need to go through a right old rigmarole to use up their tsumitate quota (which is what I needed to do since I started at Monex this June!), I am guessing that in the fullness of time, it will be possible to use up the whole 1800M yen NISA allowance so not a huge problem in the eyes of the FSA?

ChapInTokyo wrote: ↑Wed Nov 20, 2024 7:25 am Although the unlucky punter who starts on the NISA journey mid-year will need to go through a right old rigmarole to use up their tsumitate quota (which is what I needed to do since I started at Monex this June!), I am guessing that in the fullness of time, it will be possible to use up the whole 1800M yen NISA allowance so not a huge problem in the eyes of the FSA?

Yeah, I don't think having to wait a few more months to max out the tsumitate portion of your NISA account is a particularly important issue

Tell me more about this ¥1800M allowance

Err, right. I always get confused converting from man yen to million yen… the tax free limit is 18M yen of course!

On a separate note, before I read this thread I hadn’t even considered the possibility of lump sum investing my 3.6M yen quota for 2025 (less 100 yen x 11 months) for next year’s NISA but it’s certainly a thought.