Investment account for children bill proposedNEST EGG: The proposed initiative would fund accounts for children that would become available when they turned 18, giving them a start in adult lifeBy Fion Khan / Staff writer, with CNAThe Chinese Nationalist Party (KMT) and the Taiwan People’s Party (TPP) yesterday announced plans for government-funded investment accounts for children that could be claimed upon turning 18. KMT Chairwoman Cheng Li-wun (鄭麗文) and TPP Chairman Huang Kuo-chang (黃國昌) unveiled the “Taiwan Future Account” initiative at a news conference in Taipei. The KMT and the TPP decided to propose the “Taiwan future account special act” to address the nation’s declining birthrate, Huang said. On Wednesday, DPP Legislator Kuo Kuo-wen (郭國文) proposed that the government and parents jointly invest in exchange-traded funds (ETFs) for children. Under the plan, the government and parents would both contribute NT$1,200 monthly to a Taiwan ETF investment account until the child is 10.
