What Is the Tsumitate (Installment) Investment Quota?

The Tsumitate Investment Quota is a tax-free investment allowance under Japan's new NISA scheme, intended for a defined set of mutual funds suited to long-term, installment-based, diversified investing.

This is a Japan-specific tax scheme. If you are not a Japanese tax resident, it does not apply to you, or different rules will apply where you live.

How it works

The Tsumitate Investment Quota is one part of the new NISA's tax-free allowance, and the eligible products are limited to certain mutual funds considered suited to long-term, installment-based, diversified investing.

Difference from the Growth Investment Quota

The new NISA also includes a Growth Investment Quota (see related page), and the two can be used together. The Growth Investment Quota covers a broader range of products, including individual stocks, which is the main difference from the Tsumitate Investment Quota.

This article is provided for general informational purposes only and does not recommend or solicit the purchase or sale of any specific investment method or security. Final investment decisions are your own responsibility.

Frequently Asked Questions

Are there restrictions on what I can buy with the Tsumitate Investment Quota?
Only mutual funds that meet criteria set by Japan's Financial Services Agency (FSA) are eligible. Individual stocks cannot be purchased through this quota.
How much is the tax-free allowance for the Tsumitate Investment Quota?
There are statutory annual investment limits and lifetime tax-free holding caps, but because the scheme can be revised, please confirm the exact figures with the NTA, the FSA, or a qualified tax accountant. This is a Japan-specific scheme that does not apply outside Japan.