TSV
NISA Investment Types - TSV
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
code slug name description annualLimit applicablePeriod eligibleProducts investmentMethod lifetimeLimit targetInvestors taxExemptPeriod combinedLifetimeLimit note
01 tsumitate-investment-frame Accumulation Investment Frame A tax-exempt frame for investment trusts suitable for long-term, accumulation, and diversified investment. 1200000 2024年〜 Investment trusts and ETFs meeting FSA criteria Accumulation investment only 18000000 Beginner investors, those seeking long-term management Unlimited
02 growth-investment-frame Growth Investment Frame A flexible tax-exempt frame covering a wide range of products including individual stocks, ETFs, and investment trusts. 2400000 2024年〜 Listed stocks, investment trusts, ETFs, REITs, etc. Both accumulation and lump-sum investment possible 12000000 Experienced investors, those seeking flexible management Unlimited 18000000
03 general-nisa-legacy General NISA (Legacy) The old NISA system until 2023. Up to 1.2 million yen annually with 5-year tax exemption. 1200000 2014年〜2023年（新規投資は終了） Listed stocks, equity investment trusts, ETFs, REITs Both accumulation and lump-sum investment possible 6000000 Individual investors aged 18 and above 5 years (until 2027 at the latest) 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。
04 tsumitate-nisa-legacy Tsumitate NISA (Legacy) The old NISA system until 2023. Up to 400,000 yen annually with 20-year tax exemption. 400000 2018年〜2023年（新規投資は終了） Investment trusts and ETFs suitable for long-term, accumulation, and diversified investment Accumulation investment only 8000000 Individual investors aged 18 and above 20 years (until 2042 at the latest) 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。
05 junior-nisa-legacy Junior NISA (Legacy) NISA system for minors until 2023. Up to 800,000 yen annually with tax exemption. 800000 2016年〜2023年（制度終了） Listed stocks, equity investment trusts, ETFs, REITs Both accumulation and lump-sum investment possible Minors aged 0-17 (account managed by parent/guardian) 5 years (tax-exempt possible in continued management account until age 18) 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。
06 tsumitate-frame-minor-2026 Accumulation Investment Frame for Minors Accumulation investment frame for minors scheduled to be introduced from 2026. 600000 2026年〜（予定） Investment trusts and ETFs meeting FSA criteria Accumulation investment only 6000000 Minors under 18 (account managed by parent/guardian) Unlimited 2026年度税制改正で導入予定。12歳から引き出し可能。