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.
The first two F-16V Bock 70 jets purchased from the US are expected to arrive in Taiwan around Double Ten National Day, which is on Oct. 10, a military source said yesterday. Of the 66 F-16V Block 70 jets purchased from the US, the first completed production in March, the source said, adding that since then three jets have been produced per month. Although there were reports of engine defects, the issue has been resolved, they said. After the jets arrive in Taiwan, they must first pass testing by the air force before they would officially become Taiwan’s property, they said. The air force
GLOBAL: Although Matsu has limited capacity for large numbers of domestic tourists, it would be a great high-end destination for international travelers, an official said Lienchiang County’s (Matsu) unique landscape and Cold War history give it great potential to be marketed as a destination for international travelers, Tourism Administration Director General Chen Yu-hsiu (陳玉秀) said at the weekend. Tourism officials traveled to the outlying island for the Matsu Biennial, an art festival that started on Friday to celebrate Matsu’s culture, history and landscape. Travelers to Matsu, which lies about 190km northwest of Taipei, must fly or take the state-run New Taima passenger ship. However, flights are often canceled during fog season from April to June. Chen spoke about her vision to promote Matsu as a tourist attraction in
PAWSITIVE IMPACT: A shop owner said that while he adopted cats to take care of rodents, they have also attracted younger visitors who also buy his dried goods In Taipei’s Dadaocheng (大稻埕), cats lounging in shops along Dihua Street do more than nap amid the scent of dried seafood. Many have become beloved fixtures who double as photography models, attracting visitors and helping boost sales in one of the capital’s most historic quarters. A recent photo contest featuring more than a dozen shop cats drew more than 2,200 submissions, turning everyday cat-spotting into a friendly competition that attracted amateur and professional photographers. “It’s rare to see cats standing, so when it suddenly did, it felt like a lucky cat,” said Sabrina Hsu (徐淳蔚), who won the NT$10,000 top prize in
STRIKE: Some travel agencies in Taiwan said that they were aware of the situation in South Korea, and that group tours to the country were proceeding as planned A planned strike by airport personnel in South Korea has not affected group tours to the country from Taiwan, travel agencies said yesterday. They added that they were closely monitoring the situation. Personnel at 15 airports, including Seoul’s Incheon and Gimpo airports, are to go on strike. They announced at a news conference on Tuesday that the strike would begin on Friday next week and continue until the Mid-Autumn Festival next month. Some travel agencies in Taiwan, including Cola Tour, Lion Travel, SET Tour and ezTravel, said that they were aware of the situation in South Korea, and that group
RSS