bye bye NISA?
Posted: Thu Oct 17, 2019 10:56 am
Over on reddit, reports are that NISA is done for...
Page 1 of 4
Re: bye bye NISA?
Posted: Thu Oct 17, 2019 1:52 pm
Mmmkay. Sources maybe?
Re: bye bye NISA?
Posted: Thu Oct 17, 2019 2:03 pm
Re: bye bye NISA?
Posted: Thu Oct 17, 2019 2:16 pm
That is just NISA and not the Tsumitate Nisa. I am sure the discussion here is not over yet.
Re: bye bye NISA?
Posted: Thu Oct 17, 2019 5:37 pm
へー
Re: bye bye NISA?
Posted: Thu Oct 17, 2019 10:33 pm
Lol, it wasn't passed because it could be seen as "favouritism of the rich". What a joke.
Re: bye bye NISA?
Posted: Fri Oct 18, 2019 12:25 am
Bit of a blow, this one. Had hopes that they would make NISA like the UK ISA, ie remove the time limits to make it a useful vehicle to save for retirement.
Truly rich people are not going to care about 1.2m a year, but for people in our community it would have made a big difference I think.
In practice investing in tsumitate NISA or even investing in mutual funds in taxable accounts is going to provide us with similar benefits, so not the end of the world.
Disappointing nontheless
Truly rich people are not going to care about 1.2m a year, but for people in our community it would have made a big difference I think.
In practice investing in tsumitate NISA or even investing in mutual funds in taxable accounts is going to provide us with similar benefits, so not the end of the world.
Disappointing nontheless
Re: bye bye NISA?
Posted: Fri Oct 18, 2019 2:37 am
Maybe increase the limit for Tsumitate NISA?
400,000/year investment is low to cover retirement needs, even combined with IDECO 23,000/month
400,000/year investment is low to cover retirement needs, even combined with IDECO 23,000/month
Re: bye bye NISA?
Posted: Fri Oct 18, 2019 7:39 am
Well that sucks.
I wonder what will happen with the Junior NISA? I guess it will also be discontinued.
I wonder what will happen with the Junior NISA? I guess it will also be discontinued.
Re: bye bye NISA?
Posted: Sat Oct 19, 2019 2:53 pm
Junior NISA currently due to run until 2023: https://www.fsa.go.jp/policy/nisa2/abou ... index.html
That is the last year that can currently be funded, although there is a chance it will be extended or replaced with something similar.