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When does your NISA period start?
Posted: Thu Oct 19, 2017 1:19 am
by Akatani
Does you NISA start when you open the account or upon your first purchase?
I registered an account for my kids in September but have held off buying anything. If I wait until next year will I have wasted a year and only be left with 4 years?
Re: When does your NISA period start?
Posted: Thu Oct 19, 2017 1:23 am
by RetireJapan
Hi Akatani
The NISA account doesn't last for five years. Each year of the NISA allowance (each year is treated separately) lasts for five years.
So anything you buy this year is tax free for 2017-2021, anything next year is tax-free from 2018-2022, etc.
Re: When does your NISA period start?
Posted: Thu Oct 19, 2017 1:24 am
by Akatani
ah, great! I will try and wait for a dip
Re: When does your NISA period start?
Posted: Thu Oct 19, 2017 1:35 am
by RetireJapan
Yeah, you and the rest of the world...
When will the crash we are all waiting for arrive???
Re: When does your NISA period start?
Posted: Thu Oct 19, 2017 1:36 am
by RetireJapan
Actually, I suspect there won't be a crash as everyone is expecting it and will just buy as soon as prices dip.