Can I invest the full annual amount at once?

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catfoodfire
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Posts: 7
Joined: Sat Dec 09, 2023 10:16 am

Can I invest the full annual amount at once?

Post by catfoodfire »

Hi good folks!
I've tried searching for this answer, but haven't found any reliable source.
If I set up Nisa now, can I still invest up to the full annual 2024 limit, or am I limited by any monthly limits?
Cheers
Tkydon
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Joined: Mon Nov 23, 2020 2:48 am

Re: Can I invest the full annual amount at once?

Post by Tkydon »

You can invest the full amount of the Growth Portion Y2.4M per year in one go.

For Tsumitate, you have to allocate a monthly Contribution. You will have paid a certain amount in Tsumitate by the end of the Calendar Year.
You could set this monthly amount to the absolute minimum, and invest the unallocated portion to the Y1.2M limit.as a Bonus Payment in one go.
:
:
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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adamu
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Re: Can I invest the full annual amount at once?

Post by adamu »

Simplest is probably to set Tsumitate to ¥100k/mo (which will keep going next year too), and also set it to make a one off bonus payment of ¥900k.

I don't think the bonus payment setting shows up for credit card investments, though I could be wrong.
catfoodfire
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Joined: Sat Dec 09, 2023 10:16 am

Re: Can I invest the full annual amount at once?

Post by catfoodfire »

Thanks both! Is there any limit to amount of number of bonus payments you can make?
beanhead
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Re: Can I invest the full annual amount at once?

Post by beanhead »

There is a similar post and it references Ben's video discussing this too:
viewtopic.php?t=3883
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
catfoodfire
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Joined: Sat Dec 09, 2023 10:16 am

Re: Can I invest the full annual amount at once?

Post by catfoodfire »

That's perfect, thank you!
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