Taiwan equivalent of Roth IRA/ISA?

Does Taiwan have an equivalent to a Roth IRA/ISA? Obviously we can earn tax free on up to around 6 million a year from our overseas investments, but what about local investments? Any tax free accounts we can make use of?

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no.
looked hard, but none.
you can get tax deductions for whole life insurance policies, but there are no retirement plans like a roth or 401k here.

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The closest by far is the Taiwan New Labor Pension

https://www.bli.gov.tw/en/0010366.html

It’s a shame we have to invest in whatever the government wants us to. Over the last ten years the labor pension fund has given out dividends at an average of around 4.5%, pretty mediocre.

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How about Social Security in the U.S. that shithole just buys shit gov’t bonds.

The interest rate on the special issues is set by a formula established in 1960 through amendments to the Social Security Act. It is roughly the same as the average yield on marketable Treasury securities that are at least four years from maturity.

The U.S. politicians aren’t too bright. If they took SSA like a sovereign fund and just bought Dow Jones, it wouldn’t go insolvent, like it eventually will; it’d be worth a lot lot lot more than what is owed.

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The system here is different. Other countries have capital gains tax, hence the need to create special retirement accounts that give you tax advantages. Here your capital gains are considered part of your total income, so you cn invest in whatever you want to.
the 6% government program is meant to provide a safety net for those who are not high earners or savvy enough to invest on their own, as such it is better than nothing but still inadequate. from my point of view, if you want to encourage people to save for retirement you should increse the employer matching to 12%, that should be enough to create a proper nest egg for retirement. Unfortunately, TW employers will rather cut their guts out than increase expenses.

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