RetireJapan

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...

LucasVi91 wrote: ↑Thu May 16, 2024 6:00 am...does not seem to allow me to invest in British options such as Vanguard etc. I have emailed the company and they said because I am based in Japan this is not possible.
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Are you trying for the British version of vanguard ETFs (assuming there is one), or the US?

Eg, ask if you can buy VOO.

I'm not sure about using ID.me for SSA login, versus the 'regular' way you mention, so this is not a direct answer to your question. But I did create an ID.me account for IRS purposes a couple months ago--photos of suitable IDs submitted, then a video call to confirm those, and setup did get done. ...

... Incidentally, the balanced allocation that Monex Vision suggested for a risk appetite of 10% per year was 20% Japan stocks, 22% Japan bonds, 15% US stocks, 8% developed market stocks, 2% emerging market stocks, 22% Japanese bonds, 16% developed market bonds, 5% emerging market bonds, 6% Japanes...

... So immigration would just need to design a system which automatically flags up bad pension, health insurance, tax records. ... I guess that's sort of my point--why would immigrations need to design it? Shouldn't those other agencies/entities be doing their own respective parts? Or instead of im...

So immigrations would be relying on the tax offices (national and city halls), and the pension agency, and I guess city halls again for health insurance payments, to notify them of delinquencies? As PR, I renew my residence card, a trivial thing, something like every seven years. Would I now need to...

... As pension, tax, and health insurance is already merged with MyNumber, when immigration merges, I guess it would be pretty easy for them to develop a system that extracts all residence card numbers, and then automatically flags up any with a bad pension record, or or missed payments for health ...

Since some US/Japan treaty articles were being discussed here (separate thread), it's interesting that this just came up--newly added to the (reddit) JapanFinance wiki. Nicely done in table form:

Summary of taxation rights under Japan's tax treaties

And, the thread announcing this.

That ¥816,000 is the max yearly payout for someone who has made the full 40yrs of contributions. So on a monthly basis the max possible is ¥68,000 (even tho it's paid every other month, so you get two months' worth at a time). And once that gets going, 介護保険 will be subtracted as an auto deduction. T...

I'm not sure about using ID.me for SSA login, versus the 'regular' way you mention, so this is not a direct answer to your question. But I did create an ID.me account for IRS purposes a couple months ago--photos of suitable IDs submitted, then a video call to confirm those, and setup did get done.