Basic guide to iDeCo
Basic guide to iDeCo (individual-type defined contribution pension) What is iDeCo? iDeCo (individual-type defined contribution pension) is a system that supports asset formation in retirement. You can save up your own contributions while managing them and receive them as a future pension. Main benefits Full tax benefits Contributions are fully tax deductible Investment gains are tax-free Tax benefits are also available when receiving the money Flexible management You can choose from a wide variety of products, including investment trusts, deposits, and insurance products You can combine products according to your own risk tolerance Who can join Company employees and civil servants (up to 23,000 yen per month if they do not have a corporate pension) Company employees with a corporate pension (up to 12,000 yen per month) Full-time housewives and househusbands (up to 23,000 yen per month) Self-employed people (up to 68,000 yen per month) Points to note Withdrawals are not permitted until ...