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Nisa 2023 or wait for 2024
Posted: Mon Jul 31, 2023 2:36 am
by bryanc
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
Re: Nisa 2023 or wait for 2024
Posted: Mon Jul 31, 2023 4:05 am
by RetireJapan
Re: Nisa 2023 or wait for 2024
Posted: Mon Jul 31, 2023 4:08 am
by Tkydon
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.
Re: Nisa 2023 or wait for 2024
Posted: Mon Jul 31, 2023 4:50 am
by RetireJapan
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.
Tsumitate NISA limit still 400,000 yen in 2023.
(I'm guessing that was a typo)
Re: Nisa 2023 or wait for 2024
Posted: Mon Jul 31, 2023 5:52 am
by Tkydon
RetireJapan wrote: ↑Mon Jul 31, 2023 4:50 am
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.
Tsumitate NISA limit still 400,000 yen in 2023.
(I'm guessing that was a typo)
Sorry, yes, typo, corrected...
Re: Nisa 2023 or wait for 2024
Posted: Tue Aug 01, 2023 7:52 am
by beanhead
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
Invest what you can this year. No real advantage to waiting, as far as I can see.
Re: Nisa 2023 or wait for 2024
Posted: Tue Nov 28, 2023 10:51 am
by Salarycat
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?
Re: Nisa 2023 or wait for 2024
Posted: Tue Nov 28, 2023 1:27 pm
by sutebayashi
Salarycat wrote: ↑Tue Nov 28, 2023 10:51 am
Is there any reason to not open a 2023 Nisa while it's still available?
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
Posted: Tue Nov 28, 2023 1:30 pm
by beanhead
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?
You will have to be quick if you have not started the process yet. You may possibly be too late for 2023 already.
400,000 is the limit for tsumitate NISA. 1,200,000 for 'regular' NISA.
