【summary】
The new NISA has an accumulation investment limit and a growth investment limit.
Under the system as of June 2026, the annual investment limit is 1.2 million yen for the accumulation investment limit and 2.4 million yen for the growth investment limit. The total tax-free holding limit is 18 million yen, of which the growth investment limit is 12 million yen.
Roughly speaking, the accumulation investment limit is a limit for steadily buying investment trusts that are suitable for long-term, accumulation, and diversification.
The growth investment limit is easy to use not only for investment trusts but also for listed stocks and ETFs.
| Frame | Annual investment limit | Main uses |
|---|---|---|
| Fresh investment limit | 1.2 million yen | Investment trust for long-term savings |
| Growth investment limit | 2.4 million yen | Investment trusts, ETFs, listed stocks, etc. |
For beginners, it is more realistic to start with an investment allowance for accumulation and not use up the growth investment allowance by force.
Since the growth investment framework has a high degree of freedom, the risk changes greatly depending on the product selection.
What is the growth investment framework?
The growth investment limit is a new NISA that allows you to invest up to 2.4 million yen per year.
It has a wider range of eligible products than the accumulated investment limit, and is characterized by the ease of using investment trusts, ETFs, listed stocks, etc.
However, you won't be able to use up to 18 million yen forever with just the growth investment limit. The tax-free holding limit that can be used as a growth investment limit is up to 12 million yen. You also need to be aware of the overall upper limit, including the accumulated investment limit.
However, you can't buy everything.
Stocks under liquidation or supervision and some products that are not suitable for long-term investment are not eligible.
新NISA
├─ つみたて投資枠：年120万円
└─ 成長投資枠：年240万円The growth investment framework is a framework with a high degree of freedom.
That's why beginners need to decide how they will use it before purchasing.
Differences from savings investment limit
The difference between the accumulation investment framework and the growth investment framework is mainly in the target products and how they are used.
| Comparison | Accumulation investment limit | Growth investment limit |
|---|---|---|
| Annual investment limit | 1.2 million yen | 2.4 million yen |
| Main targets | Investment trusts for long-term savings | Investment trusts, ETFs, listed stocks, etc. |
| How to use | Easy to save every month | Can be used for large investments and individual stocks |
| Suitable for beginners | Relatively easy to use | Product selection makes a difference |
| Points to note | Limited products | Easy to take too much risk |
The savings investment limit is a limit that focuses on ``long term, accumulation, and diversification'' to some extent.
Growth investment allowances are more flexible.
Freedom means that you have more freedom to make your own decisions, good or bad.
How should beginners use them?
If you are a beginner, it is easy to understand that you should start with a fresh investment limit.
Then, use the growth investment allowance if you can afford it.
For example, in the following order:
- Secure livelihood defense funds
- Accumulate low-cost investment trusts using the accumulated investment limit
- Once you get used to it, consider ETFs and additional investment trusts in the growth investment frame.
- Try individual stocks starting with a small amount.
If you suddenly buy a large number of individual stocks with a growth investment limit, you will be easily swayed by price movements.
Just because it's NISA doesn't mean it's safe.
What you buy with your NISA is important.
Things that are easy to buy with a growth investment limit
The following products are candidates for the growth investment framework.
| Product | Features |
|---|---|
| Investment trusts | Easy to use for both savings and lump-sum investment |
| ETF | Exchange traded funds that can be bought and sold on the market |
| Domestic stocks | Dividends, benefits, and investment in individual companies |
| US stocks | There are also foreign exchange and individual company risks |
| REIT | Product for diversified investment in real estate |
The important thing is not which one is correct, but which one suits your purpose.
When it comes to building funds for retirement, it is easier to focus on low-cost, diversified investment trusts.
If you want to focus on dividends, high-dividend stocks and ETFs are also candidates.
However, if you choose based solely on dividend yield, you may fail due to dividend cuts or stock price declines.
Common mistakes made with growth investment framework
Growth investment limits are convenient, but they are also prone to failure.
| Failure | What's the problem |
|---|---|
| Concentrate on trending stocks | Big damage when they fall |
| Select based only on high dividends | Overlook dividend reductions and deterioration in business performance |
| Biased towards theme-based investment trusts | Tends to decline after the boom ends |
| Prioritize filling in the blanks | Product selection becomes sloppy |
| I don't know how to handle losses | NISA losses cannot be included in profit and loss |
In particular, you need to be careful about buying a large amount of stocks that are popular on social media using your growth investment limit.
It's big if it goes well, but it's also big if it goes down.
The growth investment allowance is often seen as an "offensive allowance," but depending on how you use it, it can also be used defensively.
By using diversified investment trusts and ETFs, you can use them as an extension of your accumulated investment limit.
You don't have to use it up
The growth investment limit is 2.4 million yen per year.
But you don't have to use it up every year.
If you try to fill the slots even though you don't have enough funds, your household finances will become difficult.
枠がある
↓
使わないともったいない
↓
無理に投資する
↓
下落時に売らされるI would like to avoid this trend.
NISA's tax-free allowance is attractive, but the premise is that you invest with spare funds.
Prioritize what you can continue using rather than using it up.
summary
The growth investment limit of the new NISA is a highly flexible limit that allows you to spend up to 2.4 million yen per year.
It has a wider range of products than the accumulated investment limit, and is characterized by the ease of using investment trusts, ETFs, listed stocks, etc.
However, because there is a high degree of freedom, the risks vary greatly depending on the product selection.
For beginners, it is realistic to start with the accumulation investment limit and use the growth investment limit within the amount of available funds.
Rather than filling the slots, continue with products and prices that fit your household budget.
If you don't remove that, the growth investment allowance will significantly expand the usability of the new NISA.
Reference
- Financial Services Agency "Know NISA"
- Financial Services Agency "New NISA"
- Financial Services Agency “Basics of Asset Formation”