Junior NISA
The Junior NISA scheme ended in 2023 and is no longer available for new investments.
A type of NISA for Japan-resident children aged below 18, summarised below:
- Annual investment limit of ¥800,000.
- Cannot be transferred to other financial institutions (unlike other NISAs).
- The JNISA began in 2016 and ended in 2023.
- The investments can remain invested tax free until the child turns 18, even after 2023.
Events triggered up reaching the age of 18
- A password is sent by mail to the named owner of the account.
- A standard "New NISA" account is created for future contributions.
- Holdings inside J-NISA annual accounts tare moved out into a taxable account, on the condition they have benefited from at least 5 years of tax exempt investment
- J-NISA annual accounts that are yet to have benefit from at least 5 years of tax free investment, are left as they are until they reach that five year threshold.
- By 2029 all J-NISA annual accounts will have had at least 5 years of tax exempt status.
- J-NISA annual accounts that are yet to have benefit from at least 5 years of tax free investment, are left as they are until they reach that five year threshold.