Something better than a savings account?

[TokyoWart]

I don't have a link. I went in to my Nomura Branch to talk to their NISA staff because my eldest son will turn 20 this November. I confirmed that I could fund 800,000 yen for this year in the Junior NISA and then asked what would happen to the account in 2020. I was told that we will have the same options you have when a 5 year NISA matures: you can keep the investments with their new basis in a regular taxable accound or role it into his 2020 NISA.

Like many things in Japan I want to actually do this once to make sure. The Nomura website's Junior NISA explanation doesn't state this explicitly on my reading (https://www.nomura.co.jp/nomuranisa/jun ... index.html).

[RetireJapan]

I don't have a link. I went in to my Nomura Branch to talk to their NISA staff because my eldest son will turn 20 this November. I confirmed that I could fund 800,000 yen for this year in the Junior NISA and then asked what would happen to the account in 2020. I was told that we will have the same options you have when a 5 year NISA matures: you can keep the investments with their new basis in a regular taxable accound or role it into his 2020 NISA.

Like many things in Japan I want to actually do this once to make sure. The Nomura website's Junior NISA explanation doesn't state this explicitly on my reading (https://www.nomura.co.jp/nomuranisa/jun ... index.html).

Interesting. I have never heard that said specifically (being able to roll the entire balance over into a regular NISA). For my granddaughter, who started when she was five, that would be quite a large sum if we keep funding it in full every year.

Of course, it very much depends on what happens to the regular NISA accounts after 2023...