currently on mind
withdraw fund partially nisa
It is possible to make regular (frequent) and partial (one-off) withdrawals from your NISA. Withdrawing money from your NISA will reduce the value of your remaining investment i.e. the accumulated fund. We may change the minimum withdrawal amount at any time. If this happens, we will give you reasonable notice.
https://www.pois.co.uk/wp-content/uploads/2019/12/NISA-important-information-0319.pdf
Jan 2024
jNISA mishap advice
It is not possible to sell and pay out only a portion, or withdraw part of the dividends received or the cash pooled by selling, and use the …
https://www.retirejapan.com/forum/viewtopic.php?t=3426
How hard is it to take money out of NISA?
https://www.retirejapan.com/forum/viewtopic.php?t=3280
JPBank: Results for the Fiscal Year Ended March 2023 Summary of …
https://www.jp-bank.japanpost.jp/en/ir/financial/pdf/en_pr230526_02.pdf
Current Status of JAPAN POST BANK and Outlook for the …
Nov 2023
https://www.jp-bank.japanpost.jp/en/ir/financial/pdf/en_pr231220.pdf
Moving Tsumitate NISA account (switching bank/provider)
Moving Tsumitate NISA account (switching bank/provider)
byu/Tentacle77 inJapanFinance
Moving Tsumitate NISA account (switching bank/provider)
My wife and I opened Tsumitate NISA accounts at the same bank where we got our housing loan for a reduced interest rate.
Condition:
we would need to keep the NISA accounts for 1 year (afaik) but could switch later on without losing the interest bonus.
After a busy year it came back to my mind and when looking at the fees of the funds offered at the bank, because why not stay if it’s worth it, I thought it better to maybe switch the provider. And here is the dilemma: I simply don’t know how.
Do you officially need to close the accounts at our current bank or just open a new account at one of the major providers (will probably go with SBI)?
Are there any deadlines to meet or anything? Sorry for being completely blank on this and thanks in advance for any help.
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The process of moving your NISA account to a new institution is summarized nicely here. Basically, you ask your current institution for a form requesting the closure of your account (this form may be available from their website). You complete that form and wait to receive confirmation that the account has been closed.
When you apply to open a NISA account at the new institution, you give the new institution the confirmation of closure that you received from the old institution.
Are there any deadlines to meet or anything?
It depends on the institutions involved, but the whole process typically takes a couple of months, and once you have made a purchase in your NISA account in a calendar year, you can’t change institutions until the following year. The article linked above has a good summary of the relevant time limits.
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Gotta evaluate the available funds and costs etc before making a decision, but the general consensus on here seems that management fees etc may very well eat up any gains and thus using a tried and true broker/securities company is the way to go.