INI
NISA Investment Types - INI
NISA (Nippon Individual Savings Account) is a tax-exempt investment system designed for individual investors in Japan. Since 2024, the new NISA system has been introduced with two investment frames: the Accumulation Investment Frame and the Growth Investment Frame. This article provides a detailed explanation of the types, features, and differences between the old and new NISA systems.
NISA
Nippon Individual Savings Account
tax-exempt investment
accumulation investment
growth investment
asset building
Japan
[item.tsumitate-investment-frame]
code=01
slug=tsumitate-investment-frame
name=Accumulation Investment Frame
description=A tax-exempt frame for investment trusts suitable for long-term, accumulation, and diversified investment.
annualLimit=1200000
applicablePeriod=2024年〜
eligibleProducts=Investment trusts and ETFs meeting FSA criteria
investmentMethod=Accumulation investment only
lifetimeLimit=18000000
targetInvestors=Beginner investors, those seeking long-term management
taxExemptPeriod=Unlimited
combinedLifetimeLimit=
note=
[item.growth-investment-frame]
code=02
slug=growth-investment-frame
name=Growth Investment Frame
description=A flexible tax-exempt frame covering a wide range of products including individual stocks, ETFs, and investment trusts.
annualLimit=2400000
applicablePeriod=2024年〜
eligibleProducts=Listed stocks, investment trusts, ETFs, REITs, etc.
investmentMethod=Both accumulation and lump-sum investment possible
lifetimeLimit=12000000
targetInvestors=Experienced investors, those seeking flexible management
taxExemptPeriod=Unlimited
combinedLifetimeLimit=18000000
note=
[item.general-nisa-legacy]
code=03
slug=general-nisa-legacy
name=General NISA (Legacy)
description=The old NISA system until 2023. Up to 1.2 million yen annually with 5-year tax exemption.
annualLimit=1200000
applicablePeriod=2014年〜2023年（新規投資は終了）
eligibleProducts=Listed stocks, equity investment trusts, ETFs, REITs
investmentMethod=Both accumulation and lump-sum investment possible
lifetimeLimit=6000000
targetInvestors=Individual investors aged 18 and above
taxExemptPeriod=5 years (until 2027 at the latest)
combinedLifetimeLimit=
note=2024年以降は新規投資不可。既存保有分は非課税期間満了まで非課税。
[item.tsumitate-nisa-legacy]
code=04
slug=tsumitate-nisa-legacy
name=Tsumitate NISA (Legacy)
description=The old NISA system until 2023. Up to 400,000 yen annually with 20-year tax exemption.
annualLimit=400000
applicablePeriod=2018年〜2023年（新規投資は終了）
eligibleProducts=Investment trusts and ETFs suitable for long-term, accumulation, and diversified investment
investmentMethod=Accumulation investment only
lifetimeLimit=8000000
targetInvestors=Individual investors aged 18 and above
taxExemptPeriod=20 years (until 2042 at the latest)
combinedLifetimeLimit=
note=2024年以降は新規投資不可。既存保有分は非課税期間満了まで非課税。
[item.junior-nisa-legacy]
code=05
slug=junior-nisa-legacy
name=Junior NISA (Legacy)
description=NISA system for minors until 2023. Up to 800,000 yen annually with tax exemption.
annualLimit=800000
applicablePeriod=2016年〜2023年（制度終了）
eligibleProducts=Listed stocks, equity investment trusts, ETFs, REITs
investmentMethod=Both accumulation and lump-sum investment possible
lifetimeLimit=
targetInvestors=Minors aged 0-17 (account managed by parent/guardian)
taxExemptPeriod=5 years (tax-exempt possible in continued management account until age 18)
combinedLifetimeLimit=
note=2023年末で制度終了。新規投資不可。18歳になるまでは継続管理勘定で非課税保有可能。
[item.tsumitate-frame-minor-2026]
code=06
slug=tsumitate-frame-minor-2026
name=Accumulation Investment Frame for Minors
description=Accumulation investment frame for minors scheduled to be introduced from 2026.
annualLimit=600000
applicablePeriod=2026年〜（予定）
eligibleProducts=Investment trusts and ETFs meeting FSA criteria
investmentMethod=Accumulation investment only
lifetimeLimit=6000000
targetInvestors=Minors under 18 (account managed by parent/guardian)
taxExemptPeriod=Unlimited
combinedLifetimeLimit=
note=2026年度税制改正で導入予定。12歳から引き出し可能。