2:20 not the full amount! Run the simulation, because the refundable limit is more like 10-30% depending on circumstances. Go over and you're just paying extra tax.
Ben、I have an unrelated question regarding Junior Nisas that I can't find an answer to elsewhere. Junior Nisa finished last year of course and you can't put any more money into it. Can my child continue to invest by opening up a regular Nisa and adding money to it or is there basically no option for children anymore?
If you have a Junior NISA account already, you can leave anything invested in it: it will remain tax free until the child is 18. You cannot add new money. You will also have a child taxable account, and your child can continue to invest in there with new money (any gains will incur capital gains or dividend tax). If you don't have any accounts, you can open a child broker account. This will be taxable as above. Once the child is 18 they can open a normal NISA account.
@RetireJapan_OG thanks for clarifying this. Appreciate it. I wonder what the thinking behind removing tax free investment options for children was. As for paying tax on the Junior Nisa taxable account, any idea how that works?
@@cat44100 I believe Komeito nixed the renewal of Junior NISA (over the objections of the Financial Services Agency) because they felt it mainly benefited wealthier people. Tax is the normal 20.315% on capital gains and dividends, and you can get the broker to do your taxes if you choose the 特定口座 option.
Thank you! Our platform Gumroad doesn't support yen transactions natively yet. We can set the price in yen and they bill you in USD at the current exchange rate. It's the best option we've found so hoping they support yen billing soon.
I just bought 408K 🎉 Waiting for kakutei shinkoku to start Update My favorite gifts (have a huge family) 1. 6 months supply of toilet paper 2. A year supply of rice 3. A box of bath soap that will last me for a year 4. 4 times a year supply of a cartoon of tissue
can you make a video about how taxes work in options trading in japan. Apparently it's not capital gains. Not sure if that goes against visa status since i am here with humanities visa. I used to options trade a lot in canada
2:20 not the full amount! Run the simulation, because the refundable limit is more like 10-30% depending on circumstances. Go over and you're just paying extra tax.
Ben、I have an unrelated question regarding Junior Nisas that I can't find an answer to elsewhere.
Junior Nisa finished last year of course and you can't put any more money into it.
Can my child continue to invest by opening up a regular Nisa and adding money to it or is there basically no option for children anymore?
If you have a Junior NISA account already, you can leave anything invested in it: it will remain tax free until the child is 18. You cannot add new money.
You will also have a child taxable account, and your child can continue to invest in there with new money (any gains will incur capital gains or dividend tax).
If you don't have any accounts, you can open a child broker account. This will be taxable as above.
Once the child is 18 they can open a normal NISA account.
@RetireJapan_OG thanks for clarifying this. Appreciate it. I wonder what the thinking behind removing tax free investment options for children was.
As for paying tax on the Junior Nisa taxable account, any idea how that works?
@@cat44100 I believe Komeito nixed the renewal of Junior NISA (over the objections of the Financial Services Agency) because they felt it mainly benefited wealthier people.
Tax is the normal 20.315% on capital gains and dividends, and you can get the broker to do your taxes if you choose the 特定口座 option.
Trying to purchase your ebooks, but why am i billed in USD??
Thank you! Our platform Gumroad doesn't support yen transactions natively yet. We can set the price in yen and they bill you in USD at the current exchange rate. It's the best option we've found so hoping they support yen billing soon.
I just bought 408K 🎉
Waiting for kakutei shinkoku to start
Update
My favorite gifts (have a huge family)
1. 6 months supply of toilet paper
2. A year supply of rice
3. A box of bath soap that will last me for a year
4. 4 times a year supply of a cartoon of tissue
Congratulations 😀
can you make a video about how taxes work in options trading in japan. Apparently it's not capital gains. Not sure if that goes against visa status since i am here with humanities visa. I used to options trade a lot in canada
Sorry, I know nothing about options trading 🤣