NISA vs iDeCo vs taxable account
Compare access, contribution tax treatment and withdrawal rules before provider features.
System rules
- NISA: no contribution deduction, qualifying returns sheltered, withdrawals flexible.
- iDeCo: eligibility and limits depend on pension status; contributions may be deductible and access is generally restricted until later life.
- Taxable accounts have no wrapper allowance but generally offer flexible access and loss/tax handling rules.
Provider features to verify
- Administration and product costs
- Eligible assets and service access
- Transfer, beneficiary and departure procedures
Steps
- Keep near-term money accessible.
- Check pension category and tax benefit from official records.
- Compare wrappers before comparing providers.
Safety notes
- This comparison is education, not a recommendation to maximize either allowance.