RetireJapan

Give him the bill... If he is aged between 19 and 23, you are entitled to claim the higher Dependent Tax Deduction of Y630,000 instead of Y380,000 from 16 to 19 or over 23. If he earned so much, he should do his own Tax Return and claim his own Individual Tax Deduction of Y480,000, and pay his own N...

If you transfer assets, you have to account for them, calculate the capital gain, and pay capital gains tax , and if over the Gift tax Threshold, the child would have to pay pay Gift Tax, as if you had sold the assets, paid the Capital Gains Tax, transferred the cash, paid Gift Tax, and then repurc...

As Interest rates go up, existing bond prices go down. As Interest rates go down, existing bond prices go up. If a fund has a Forex Hedge it will (attempt to) lock the exchange rate between the currency the fund is denominated in and the currency of the underlying assets purchased by the fund at the...

Well, gosh darn it... I will look into creating accounts at Monex for my kids. It will beat having to keep track of things on a spreadsheet. Oh shit. I’ve just realized that after 8 hours slaving over spread sheets for work I’m increasingly using excel to track all manner of personal stuff. Not jus...

What a complicated mixed up system. I feel completely lost in it all now. And I was going to ask a question about transferring any uk savings via a wise account, think I will skip that question for now lol. You can transfer your UK Savings completely tax free, so long as the savings were in your ac...

It’s not at the Uk thershold (yet). But with triple lock growth which will continue until you reach claiming age, it might be. Also if you have other UK sourced income it adds a to your UK state pension which might then push you above the UK threshold. Utilizing the Tax treaty should enable you to ...

Thank you for this information Tunaski, I will hold on to the link provided. But as stated, the pension in the uk is not currently taxable as it falls below the taxing threshold. So for example: pension paid directly into my uk hsbc account and is not taxed. How much of it can I transfer over to Ja...

If you transfer assets, you have to account for them, calculate the capital gain, and pay capital gains tax, and if over the Gift tax Threshold, the child would have to pay pay Gift Tax, as if you had sold the assets, paid the Capital Gains Tax, transferred the cash, paid Gift Tax, and then repurcha...

The UK Japan Treaty is here https://www.mof.go.jp/tax_policy/summary/international/press_release/SynthesizedTextforJapan-UKEN.pdf "Article 17 Subject to the provisions of paragraph 2 of Article 18 of this Convention, pensions and other similar remuneration beneficially owned by a resident of a ...

If you haven't already, see this thread:

https://www.retirejapan.com/forum/viewtopic.php?t=3017