New NISA starts — the tax-free investment scheme becomes permanent and limits are raised (January 2024)
Source material is a Japanese government announcement (in Japanese); this page is a summary.
A new NISA (tax-free investment scheme) started in January 2024. The tax-free holding period is now indefinite and the annual investment limit was raised to a total of 3,600,000 yen.
Key facts
| Start date | January 2024 |
|---|---|
| Responsible body | Financial Services Agency (金融庁) |
| Account opening period | Permanent (no time limit) |
| Tax-free holding period | Indefinite |
| Annual limit, accumulation investment quota | 1,200,000 yen |
| Annual limit, growth investment quota | 2,400,000 yen |
| Total annual investment limit | 3,600,000 yen |
| Lifetime tax-free holding limit | 18,000,000 yen |
| Cap within the growth investment quota | 12,000,000 yen |
| Using both quotas | The accumulation and growth investment quotas can be used together |
| Who can use it | People aged 18 or over living in Japan |
Last checked:
The new NISA scheme started in January 2024. The period for opening an account became permanent and the tax-free holding period became indefinite. The annual investment limit was raised to 3,600,000 yen in total, made up of 1,200,000 yen for the accumulation investment quota (つみたて投資枠) and 2,400,000 yen for the growth investment quota (成長投資枠). A new lifetime tax-free holding limit of 18,000,000 yen was set, of which the growth investment quota accounts for up to 12,000,000 yen, and the two quotas can be used together. Anyone aged 18 or over who lives in Japan can open an account.
Background — why this change
The scheme reorganises the previous NISA (Tsumitate NISA and general NISA). The accumulation investment quota was raised to 1,200,000 yen a year, three times the previous Tsumitate NISA, and the growth investment quota to 2,400,000 yen a year, twice the general NISA.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
Summaries reflect national-level programs. Municipal (city/ward/town) programs may differ — confirm with the official desk before applying.
FAQ
When did it start?
The new NISA scheme started in January 2024.
How much can I invest a year?
Up to 3,600,000 yen a year: 1,200,000 yen in the accumulation investment quota plus 2,400,000 yen in the growth investment quota.
What is the tax-free holding limit?
The lifetime tax-free holding limit is 18,000,000 yen, of which up to 12,000,000 yen can be in the growth investment quota.
Who can open an account?
Anyone aged 18 or over who lives in Japan.