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Re: Hoping for guidance
Posted: Wed Nov 08, 2023 1:35 am
by adamu
mikele3 wrote: ↑Mon Nov 06, 2023 10:15 am
... when you sell products in your NISA, you get back an allowance equal to the initial purchase price
The key point is original purchase price.
If you invest 10k, it grows to 20k, and you sell it, you only get back the original 10k of allowance to reinvest.
As always, it's on the wiki
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024
Re: Hoping for guidance
Posted: Wed Nov 08, 2023 1:41 am
by mikele3
I have been to the wiki quite a few times recently, but I missed to check the entry on NISA; that is great, thanks Adamu.
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 4:34 am
by JimNasium
adamu wrote: ↑Wed Nov 08, 2023 1:35 am
mikele3 wrote: ↑Mon Nov 06, 2023 10:15 am
... when you sell products in your NISA, you get back an allowance equal to the initial purchase price
The key point is original purchase price.
If you invest 10k, it grows to 20k, and you sell it, you only get back the original 10k of allowance to reinvest.
As always, it's on the wiki
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024
What happens if you sell 5k of the 20k. You get 5k back? 2.5k back?
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 10:19 am
by adamu
JimNasium wrote: ↑Thu Nov 09, 2023 4:34 am
What happens if you sell 5k of the 20k. You get 5k back? 2.5k back?
2.5k allowance back.
Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 10:48 am
by RetireJapan
adamu wrote: ↑Thu Nov 09, 2023 10:19 am
Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.
Are you sure about that, particularly in the case of mutual funds?
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 12:13 pm
by Tsumitate Wrestler
RetireJapan wrote: ↑Thu Nov 09, 2023 10:48 am
adamu wrote: ↑Thu Nov 09, 2023 10:19 am
Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.
Are you sure about that, particularly in the case of mutual funds?
Mutual funds have units, and they are priced per unit. I would imagine this exists in the backend and would be fairly straightforward to calculate.
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 12:27 pm
by Tkydon
Tsumitate Wrestler wrote: ↑Thu Nov 09, 2023 12:13 pm
RetireJapan wrote: ↑Thu Nov 09, 2023 10:48 am
adamu wrote: ↑Thu Nov 09, 2023 10:19 am
Note that it's not a straight faction, it's first-in-first-out based on the purchase price at the time of purchase.
Are you sure about that, particularly in the case of mutual funds?
Mutual funds have units, and they are priced per unit. I would imagine this exists in the backend and would be fairly straightforward to calculate.
The amount credited back to the Lifetime Allowance will be the actual purchase price of each unit sold.
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 12:51 pm
by adamu
RetireJapan wrote: ↑Thu Nov 09, 2023 10:48 am
adamu wrote: ↑Thu Nov 09, 2023 10:19 am
Note that it's not a straight f
raction, it's first-in-first-out based on the purchase price at the time of purchase.
Are you sure about that, particularly in the case of mutual funds?
Yep. That's what all the talk of book value (簿価残高方式) was in earlier threads.
Re: Hoping for guidance
Posted: Thu Nov 09, 2023 1:06 pm
by RetireJapan
adamu wrote: ↑Thu Nov 09, 2023 12:51 pm
RetireJapan wrote: ↑Thu Nov 09, 2023 10:48 am
adamu wrote: ↑Thu Nov 09, 2023 10:19 am
Note that it's not a straight f
raction, it's first-in-first-out based on the purchase price at the time of purchase.
Are you sure about that, particularly in the case of mutual funds?
Yep. That's what all the talk of book value (簿価残高方式) was in earlier threads.
I wonder if you'll be able to see this in the account before selling, or if it will just show up as extra lifetime allowance later...