The Taiwan Individual Savings Account (TISA) system, designed to encourage public participation in long-term investment and asset management, was launched yesterday, according to Taiwan Depository & Clearing Corp. (TDCC).
In tandem with the system's launch, a dedicated portal — TISA account inquiry platform (https://tisa.tdcc.com.tw/home/ssm101) — also officially went online yesterday to help investors track their investments and account details more efficiently, TDCC said.
Photo: Chen Mei-ying, Taipei Times
TISA accounts provide a simpler, more efficient way for individuals to invest, allowing them to hold various assets such as mutual funds, stocks, bonds and other securities in a single account.
In addition to Taiwanese nationals, foreign residents in Taiwan are also eligible to open a TISA account, TDCC said.
TDCC Chairman Lin Bing-huei (林丙輝) said the TISA mechanism features expert-curated fund selections, dedicated account management and an ultra-low entry threshold (starting at NT$1,000), with the aim of helping individuals start saving early and improve their financial planning for retirement.
Lin noted that TISA accounts are built on the existing centralized securities depository system. Through TISA, investors can clearly track their annual investment principal and holding periods.
In the initial period, the program would focus on mutual funds, with plans to expand to other products such as stocks and ETFs depending on future policy developments, he said.
Lin also said that TDCC formed a TISA Fund Committee in May composed of experts from industry and academia, which is responsible for screening qualified domestic mutual funds. In the first wave, 10 fund companies have submitted 16 funds to the Financial Supervisory Commission for approval. Investors can check approved TISA-class funds and sales channels via the TISA account inquiry platform.
The TISA funds offer lower management fees compared to typical funds, and waive subscription fees for purchases, according to TDCC.
The TDCC further explained that investors can apply for TISA accounts and purchase TISA funds through fund sales institutions, such as banks and securities firms or fund platforms. They can also use the TISA account inquiry platform or the TDCC's e-PASSBOOK app to view their TISA account balances and transaction details.
US climber Alex Honnold is to attempt to scale Taipei 101 without a rope and harness in a live Netflix special on Jan. 24, the streaming platform announced on Wednesday. Accounting for the time difference, the two-hour broadcast of Honnold’s climb, called Skyscraper Live, is to air on Jan. 23 in the US, Netflix said in a statement. Honnold, 40, was the first person ever to free solo climb the 900m El Capitan rock formation in Yosemite National Park — a feat that was recorded and later made into the 2018 documentary film Free Solo. Netflix previewed Skyscraper Live in October, after videos
Starting on Jan. 1, YouBike riders must have insurance to use the service, and a six-month trial of NT$5 coupons under certain conditions would be implemented to balance bike shortages, a joint statement from transportation departments across Taipei, New Taipei City and Taoyuan announced yesterday. The rental bike system operator said that coupons would be offered to riders to rent bikes from full stations, for riders who take out an electric-assisted bike from a full station, and for riders who return a bike to an empty station. All riders with YouBike accounts are automatically eligible for the program, and each membership account
A classified Pentagon-produced, multiyear assessment — the Overmatch brief — highlighted unreported Chinese capabilities to destroy US military assets and identified US supply chain choke points, painting a disturbing picture of waning US military might, a New York Times editorial published on Monday said. US Secretary of Defense Pete Hegseth’s comments in November last year that “we lose every time” in Pentagon-conducted war games pitting the US against China further highlighted the uncertainty about the US’ capability to intervene in the event of a Chinese invasion of Taiwan. “It shows the Pentagon’s overreliance on expensive, vulnerable weapons as adversaries field cheap, technologically
NUMBERS IMBALANCE: More than 4 million Taiwanese have visited China this year, while only about half a million Chinese have visited here Beijing has yet to respond to Taiwan’s requests for negotiation over matters related to the recovery of cross-strait tourism, the Tourism Administration said yesterday. Taiwan’s tourism authority issued the statement after Chinese-language daily the China Times reported yesterday that the government’s policy of banning group tours to China does not stop Taiwanese from visiting the country. As of October, more than 4.2 million had traveled to China this year, exceeding last year. Beijing estimated the number of Taiwanese tourists in China could reach 4.5 million this year. By contrast, only 500,000 Chinese tourists are expected in Taiwan, the report said. The report
RSS