Subscribe to Nikkei's "Learn Money" channel to enjoy information on asset management, household management, taxes, social security, and more! / @nikkeimanebi 0:35 Today's conclusion 1:23 iDeCo is the king of tax savings 2:41 Points to consider when choosing a financial institution 4:07 No more XX from December 4:37 Contribution limits also change Muscle Money Academy is a place where you can learn useful money information that will help you with your household finances. The theme of this lesson is Individual Defined Contribution Pension Plan (iDeCo). iDeCo is a private pension plan that allows people who are enrolled in public pensions to add to their retirement funds. You contribute your own contributions and manage them in a way that you decide, and the amount of money you receive in retirement will change depending on your performance. iDeCo is such a great system that it is also called the "king of tax savings." The entire amount of the contribution is not subject to income tax or resident tax, and there is no tax on investment gains during the investment period. There are also tax benefits when receiving benefits in retirement. There are changes to iDeCo. The upper limit of contributions varies depending on the working style and whether or not you have a company pension. For company employees who have a company-type defined contribution (DC) pension plan, where the company pays the contributions, the monthly premium is 20,000 yen. On the other hand, for company employees and civil servants who have a defined benefit (DB) pension plan, the monthly premium limit was 12,000 yen, but this will be raised to 20,000 yen from December. However, the total upper limit for company contributions (corporate DC and DB combined) is 55,000 yen, so you should be careful as depending on the company contributions, you may not be able to use iDeCo in addition to the plan. There are also changes to the company procedures when joining. Let's learn more with the school's principal, Ichiro Tsuyukuchi (affiliated with the Finance and Markets Unit at the Nihon Keizai Shimbun). [Related Articles] ・Aggressive iDeCo: Shift to stock investment trusts to protect your retirement https://www.nikkei.com/article/DGXZQO... ・Choosing a financial institution for iDeCo: Be careful about how you receive your money https://www.nikkei.com/article/DGXZQO... Nikkei Online Edition "Manabi no Money" https://www.nikkei.com/money?n_cid=SN... Manabi no Money X (formerly Twitter) account: / nikkei_manebi