RetireJapan

Hi,
I was recommended to take a look at the following possibility how to optimize tax.
I imagine it could be of help to others if it works the way it was explained to me.

It should be a system where a company makes savings (for itself or employees) and at the same time can
part of it use against tax reduction. Moreover, the company should be able to use
the money at any time. This somehow sounds too good to me to be true and I'm
trying to find any catch. Does anyone has experience with this system or any other?

https://skyosai.smrj.go.jp/?utm_source= ... z5Wp9IwG_I

Wrote about it a few years ago (assuming this is the same thing): https://www.retirejapan.com/blog/the-me ... ving-plan/

My wife's been paying in for a while.

I believe there is also a 'company emergency savings' scheme that allows you to put money away or borrow to fund irregular expenses. We don't use that one.

Thanks a lot for the reply. Yes that might be similar. I knew I read that article recently, but couldn’t find it.

As for the other system someone mentions in the comments below it’s this https://www.smrj.go.jp/kyosai/tkyosai/a ... index.html

It sounds like you can save for worse time using this and lower current tax. I imagine you could pay little when you don’t need tax reduction and a lot when you need it and then After 40 months you can get back all the money. However it doesn’t say if you’d have to tax the money you get back or not. I suppose you do and the idea is to get the money back in time of big expenses.