For my sins took a break from nisa last year due yo son goingvto uni..have thus been off these boards..want to invest for this yrs nisa,but is there any advantage in waiting til rrules change next yr? I cannot see any,but
If anyone could advise would be appreciated..cheers
Nisa 2023 or wait for 2024
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RetireJapan
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Re: Nisa 2023 or wait for 2024
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
Re: Nisa 2023 or wait for 2024
Do Both.
You can put up to Y1.2M into NISA OR up to Y400,000 into Tsumitate NISA in 2023 for 5 years.
You can put up to Y2.4M into NISA AND up to Y1.2M into Tsumitate NISA in 2024 and onwards to a maximum lifetime Contribution Allowance of Y18M
The NISA iwll pay out Tax Free.
You can put up to Y1.2M into NISA OR up to Y400,000 into Tsumitate NISA in 2023 for 5 years.
You can put up to Y2.4M into NISA AND up to Y1.2M into Tsumitate NISA in 2024 and onwards to a maximum lifetime Contribution Allowance of Y18M
The NISA iwll pay out Tax Free.
Last edited by Tkydon on Mon Jul 31, 2023 5:53 am, edited 1 time in total.
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:
https://zaik.jp/books/472-4
The Publisher is not planning to publish an update for '23 Tax Season.
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:
https://zaik.jp/books/472-4
The Publisher is not planning to publish an update for '23 Tax Season.
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RetireJapan
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- Location: Sendai
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Re: Nisa 2023 or wait for 2024
Tsumitate NISA limit still 400,000 yen in 2023.Tkydon wrote: ↑Mon Jul 31, 2023 4:08 am Do Both.
You can put up to Y1.2M into NISA OR up to Y800,000 into Tsumitate NISA in 2023 for 5 years.
You can put up to Y2.4M into NISA AND up to Y1.2M into Tsumitate NISA in 2024 and onwards to a maximum lifetime Contribution Allowance of Y18M
The NISA iwll pay out Tax Free.
(I'm guessing that was a typo)
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
Re: Nisa 2023 or wait for 2024
Sorry, yes, typo, corrected...RetireJapan wrote: ↑Mon Jul 31, 2023 4:50 amTsumitate NISA limit still 400,000 yen in 2023.Tkydon wrote: ↑Mon Jul 31, 2023 4:08 am Do Both.
You can put up to Y1.2M into NISA OR up to Y800,000 into Tsumitate NISA in 2023 for 5 years.
You can put up to Y2.4M into NISA AND up to Y1.2M into Tsumitate NISA in 2024 and onwards to a maximum lifetime Contribution Allowance of Y18M
The NISA iwll pay out Tax Free.
(I'm guessing that was a typo)
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:
https://zaik.jp/books/472-4
The Publisher is not planning to publish an update for '23 Tax Season.
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:
https://zaik.jp/books/472-4
The Publisher is not planning to publish an update for '23 Tax Season.
Re: Nisa 2023 or wait for 2024
Invest what you can this year. No real advantage to waiting, as far as I can see.bryanc wrote: ↑Mon Jul 31, 2023 2:36 am For my sins took a break from nisa last year due yo son goingvto uni..have thus been off these boards..want to invest for this yrs nisa,but is there any advantage in waiting til rrules change next yr? I cannot see any,but
If anyone could advise would be appreciated..cheers
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
Re: Nisa 2023 or wait for 2024
Hello everyone, I'm new here and happy to find this community and learn about best practices in Japan.
From what I understand, it still makes sense to invest ¥400.000 in old Nisa in 2023 and then start using the new Nisa in 2024 to maximize the investment allowance? Is there any reason to not open a 2023 Nisa while it's still available?
From what I understand, it still makes sense to invest ¥400.000 in old Nisa in 2023 and then start using the new Nisa in 2024 to maximize the investment allowance? Is there any reason to not open a 2023 Nisa while it's still available?
Last edited by Salarycat on Tue Nov 28, 2023 10:52 am, edited 1 time in total.
Watch the pennies and the pounds will take care of themselves.
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sutebayashi
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Re: Nisa 2023 or wait for 2024
No, assuming you have the money to invest ready to go.
Less than a month left to get it setup though… I wonder if it is possible in such a short time frame.
If one doesn’t already have a NISA, I guess you need to open one for 2024 onwards anyway though.
Re: Nisa 2023 or wait for 2024
You will have to be quick if you have not started the process yet. You may possibly be too late for 2023 already.Salarycat wrote: ↑Tue Nov 28, 2023 10:51 am Hello everyone, I'm new here and happy to find this community and learn about best practices in Japan.
From what I understand, it still makes sense to invest ¥400.000 in old Nisa in 2023 and then start using the new Nisa in 2024 to maximize the investment allowance? Is there any reason to not open a 2023 Nisa while it's still available?
400,000 is the limit for tsumitate NISA. 1,200,000 for 'regular' NISA.
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.