NISA, which stands for Nippon (Japan) Individual Savings Account, a tax exemption program for small investments by individuals was launched in Japan in January 2014. Building upon the successful outcome so far, the scheme was expanded and became a more effective and easier-to-use tool to support asset building by individuals.

The new NISA was introduced in January 2024, with changes to the system including making the system permanent, making the tax-free holding period indefinite, and increasing the annual investment limit and the tax-free holding limit. An overview of the new NISA is as follows.

For information on the NISA scheme until December 2023, see below.

NISA:Japan’s new tax exemption scheme for investment by individuals

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