Taiwan Depository & Clearing Corporation

Under the guidance of the Financial Supervisory Commission (FSC), Taiwan Depository & Clearing Corporation (TDCC) established the Taiwan Individual Savings Account (TISA) Mechanism. Since its official launch at the end of June 2025, TISA has reached its six-month milestone, attracting nearly 70,000 participants and accumulating NTD 9 billion in account balances. The results reflect growing public acceptance and encourage the development of disciplined, long-term investment habits.

TISA represents a perfect example of public-private collaboration in financial policy. To date, 22 fund houses have issued 37 TISA-class funds. Nine authorized fund distributors, including First Bank, Yuanta Bank, CTBC Bank, FundRich Securities, How Securities, Capital Securities, Mega Securities, Anue Investment Advisors, and Ezfunds, are already offering TISA services. More banks and securities firms are expected to join in 2026, expanding distribution channels and making TISA an important tool for public financial empowerment.

Bing-Huei Lin, Chairman of TDCC, noted that TISA is designed around investor needs. With a dedicated account mechanism and a low investment threshold starting from NTD 1,000, TISA encourages regular investments in low-fee funds and promotes diversified asset allocation, which helps reduce the risks associated with excessive concentration of investment timing and regions. TISA-class funds are originally high-quality products offered by fund houses and offer management-fee discounts varies from 0.45% to 1.1% compared with standard share classes, which can significantly enhance compounding returns over the long term. Based on a 30-year investment horizon with an assumed net annualized return of 6%, a management-fee reduction of 1.1% could increase investors’ total returns by approximately 25%. This demonstrates that long-term holding can lead to considerable accumulated benefits.

Looking ahead, TDCC will continue to expand TISA to include a wider range of products such as stocks and ETFs, and will support efforts to secure tax incentives. TDCC will also work with securities-related institutions and industry associations to strengthen services and boost investor education, aiming to enhance financial independence, improve the third pillar of the retirement system, and reinforce overall retirement readiness and resilience in response to the financial challenges of a super-aged society.

For relevant information, please visit the official website https://tisa.tdcc.com.tw.