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New Tsumitate NiSA

Posted: Mon Mar 23, 2020 2:50 am
by sytyue
So I was told that the tsumitate NISA has been extended from 20 to 25 years. Does anyone know if the investment amount has been changed as well?

Thanks in advance!

Re: New Tsumitate NiSA

Posted: Mon Mar 23, 2020 4:06 am
by RetireJapan
Haven't seen that yet! FSA website unchanged: https://www.fsa.go.jp/policy/nisa2/abou ... index.html

Re: New Tsumitate NiSA

Posted: Mon Mar 23, 2020 7:36 am
by sytyue
https://media.rakuten-sec.net/articles/-/25443

My Japanese level is still very low but from what I read, tsumitate NISA will be extended by 5 years
現在、新規に投資できる期間は2037年までですが、改正により、2042年まで5年延長されます

Re: New Tsumitate NiSA

Posted: Mon Mar 23, 2020 8:41 am
by RetireJapan
Ah, okay, that sounds like they extended the validity of the program, but each 'year' of tsumitate NISA is still tax-free for 20 years. Better than nothing!

Still waiting to hear the details of the new ordinary NISA account :)