Comparison of iDeCo, NISA and Tsumitate NISA
This page is a work in progress and there are currently significant gaps in the table to be filled in due course.
The below table summarises the features, allowing for simple comparisons. This may be helpful to those trying to determine which account(s) might be best for them/their families.
Note that in any calendar year, an individual cannot contribute to both a NISA and a Tsumitate NISA.
|Eligibility||Most residents aged 20-59||Resident aged 20+||Resident aged 20+|
|Term of investments||Funds remain invested until age 60-70||5 years||20 years|
|Maximum annual investment||Varies according to circumstances;
¥144,000 - ¥816,000
|Are contributions deductible from income tax?||Yes||No||No|
|Investment options||Choice of about 35 investment options from your provider, including mutual funds, cash, etc.||Listed stocks, funds, ETFs, REITs||Mutual funds|
|Withdrawals possible?||No withdrawals before 60 in principle.||Yes||Yes|
|Period when product is available to new investors||Ongoing (while investor meets the eligibility criteria)||Until end of 2023 (a New NISA with similar but tweaked rules will be introduced in 2024 and is set to run to the end of 2028)||Until end of 2042|
|What happens at the end of the investment term?||Funds can ordinarily remain invested between ages 60 and 70. Benefits can be taken as a lump sum, an annuity, or a combination of the two.|
|What happens if you leave Japan?||Can manage funds from abroad but not make contributions; able to receive benefits abroad|
|What happens if you die during the investment term?||Lump sum payable to next of kin|