Taiwan to Launch Child Investment Accounts, Tax Incentives (1)

Taiwan plans to launch government-subsidized investment accounts for young people between six and 18 years of age, a move that could provide a boost to the island’s booming wealth management sector.

The initiative is part of an 18-measure policy package unveiled by President Lai Ching-te and his administration on Wednesday aimed at reversing Taiwan’s plummeting birth rate and expanding family support. While Taiwan previously offered savings accounts restricted to low- and middle-income youth, the new program expands eligibility to youth under the age of 18.

“We need to elevate this heavy responsibility from the shoulders of individuals to a support ...