RetireJapan

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. I am finding that I am using spreadsheets to keep information on things not just numbers-related. I am doing some research on storage cabinets right...

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 repurch...

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. Thanks for the advice on this. Through the MUFG online banking portal, there are a couple of options to invest, but they don't allow anyone under 18 to partake...

:?: I invest in the eMaxis Slim All-Country fund in both of my children's regular accounts now that the JNISA is no more... No issues at all. What bank/institution are your kids' regular accounts with? We made bank accounts for the kids specifically at MUFG in order to purchase the eMSAC easily, bu...

Hello, I have a bit of a complicated situation (in my mind, at least) and would appreciate any advice. I received an inheritance a while ago and have done all of the usual max'ing-out of NISA (so far), as well as max-out my kids' Junior NISAs. I have put the rest of the inheritance mostly into the e...

I would not try to split up the transactions into multiple chunks. This could raise all kinds of red flags for money laundering etc. Transferring the money to your Canadian bank account first is a good idea though. Then you can bring it to Japan and if asked simply explain the truth, it is a transf...

Good points and advice from both @beanhead and @captainspoke. Yes, there was no agreement/contract... kind of wish I had made one... will do next time. Since the transfer was done from my Canadian bank account to their US bank account, could I avoid complications by having them transfer the funds ba...

Hello, I had loaned a family-member a sum of money about 5-years ago and they are preparing to return the sum back to me. I am wondering if there may be tax implications on this. I will describe the situation below. About 5-years ago, I loaned $10,000 USD to a family member. This was converted from ...

Japanese get two bonuses a year, but you can add a bonus contribution any time you like, subject to the following limit... What's the source for the Japanese/non-Japanese difference? I don't believe NISA cares about nationality. I think Tkydon meant that, in Japan, salaried workers (usually) get 2 ...

RetireJapan wrote: ↑Mon Apr 15, 2024 6:39 am Sounds like a group of workers from that description (Chinese or otherwise).

Hmm, could be. Maybe I am just turning into a suspicious-of-everything oyaji.