Government to Roll Out Big Bonuses! Eligible Children Across Taiwan to Receive Automatic Annual Deposit of NT$60,000 – Details on Future Account Disbursement Amounts, Timing, and Methods

On July 24, 2026, Taiwan’s Legislative Yuan passed the 'Taiwan Child Development and Future Account Act' in its third reading, launching a new child-rearing asset accumulation system branded the '666 Plan.' The policy applies to all citizens under 18 with no means-testing, allowing cumulative government subsidies of up to NT$1.14 million from birth to age 18. How exactly will this money be disbursed? What restrictions apply when withdrawing funds after age 18? This article provides a complete breakdown and simplified calculation guide.

What Is the Child Future Account? How Does It Differ From Previous Systems?

The 'Child Future Account' was jointly promoted by the Kuomintang (KMT) and the Taiwan People's Party and passed on July 24, 2026. This policy breaks from past welfare thresholds, establishing a universal, long-term child-rearing safety net.

The core mechanism adopts a 'dual-track dedicated account' design, splitting subsidies into two distinct functions:

- Child Development Allowance Account (Flexible Cash Flow) Funds are directly deposited into a dedicated account, which parents can access anytime during the child’s upbringing to cover daily expenses such as formula costs and tuition fees.

- Taiwan Future Account (Locked Asset Savings) Designed with personal trust characteristics, this account accumulates a child’s first capital for post-adulthood development. Funds are generally locked until age 18 and require proof of designated usage upon withdrawal.

How the '666 Plan' Works: Full Breakdown of Allowance vs. Future Account

The flagship '666 Plan' is built around three '6s': a NT$60,000 startup fund at birth, NT$60,000 annually from ages 0–6, and a combined NT$60,000 per year from ages 7–17 (split between allowance and account top-ups).

The full NT$1.14 million allocation is broken down as follows:

| Age Group | Item & Disbursement Method | Cumulative Amount | Accessible Before Age 18? | |-----------|------------------------------|-------------------|----------------------------| | First Year (Birth) | One-time 'Startup Fund' to Future Account | NT$60,000 | ❌ No (locked until age 18) | | Age 0 to Under 7 | Development Allowance (NT$60,000/year × 7 years) | NT$420,000 | ✅ Yes, anytime | | Age 7 to Under 18 | Development Allowance (NT$30,000/year × 11 years) | NT$330,000 | ✅ Yes, anytime | | Age 7 to Under 18 | Future Account Top-up (NT$30,000/year × 11 years) | NT$330,000 | ❌ No (locked until age 18) | | Total | Government Disbursement | NT$1,140,000 | NT$750,000 Allowance + NT$390,000 Future Account |

Note: The NT$1.14 million refers to the government’s base contribution only and does not include parental deposits, corporate sponsorships, or investment returns.

Parental Self-Deposits and Corporate Bonus Mechanisms

Beyond government funding, additional top-up channels are available:

- Parental Self-Deposits: Parents or close relatives may voluntarily deposit funds into the child’s account with no upper limit. However, the final legislation removed tax incentives for self-deposits. Whether such deposits constitute gifts is subject to current inheritance and gift tax regulations.

- Corporate Sponsorships: Employers may sponsor up to NT$50,000 annually per employee’s child into their Future Account. Related corporate incentives and tax exemptions will be determined separately by the competent authority.

How Are Accounts Operated? Enrollment Process and Managing Institutions

1. **Automatic Registration – No Need for Parents to Visit Offices**

According to the Act, the system uses an 'automatic registration and account opening' mechanism. After local governments confirm eligible children within their jurisdiction, they must register them with the central government within three months. The Bureau of Labor Insurance (BLI) will then directly establish the dedicated account and disburse funds. Parents do not need to visit municipal offices or household registration centers.

2. **Dual Institutional Management with Investment Safeguards**

Account fund management follows a strict dual-institution division of responsibilities:

- Administrative & Account Management: Handled by the Ministry of Labor’s Bureau of Labor Insurance (BLI), responsible for account setup, transactions, and custody.

- Fund Investment Management: Entrusted to the Labor Fund Management Board under the Ministry of Labor. Investments are strictly limited to stable domestic assets such as stocks and bonds (parents cannot choose investment targets).

- Dual Protection for Asset Security: - Return Guarantee Mechanism: The law mandates that fund returns must not fall below the interest rate of local banks’ two-year fixed deposits. Any shortfall or losses will be fully covered by the national treasury. - Anti-Seizure & Inflation Adjustment: Government-disbursed funds are excluded from household income and asset calculations and cannot be seized or executed against. Disbursement amounts will be adjusted every three years based on the Consumer Price Index (CPI).

Restrictions on Withdrawing from the Future Account at Age 18 – Usage Rules and Exit Mechanisms

Funds in the 'Taiwan Future Account' cannot be freely spent upon turning 18 without conditions. When the account holder turns 18 and applies to settle the account, they must submit written proof of designated usage.

### Six Approved Withdrawal Purposes

Account holders must provide relevant documentation to withdraw funds:

- Education: Proof of enrollment in university or higher education. - Employment: Job offer acceptance or employment verification. - Vocational Training: Proof of participation in government-approved training programs. - Entrepreneurship: Submission of a business plan or company registration documents. - Home Purchase Down Payment: Real estate purchase contract documents. - Rental Expenses: Lease agreement or related proof.

### What Happens Without Proof or Mid-Term Withdrawal?

- **Without Valid Proof**: If the account holder fails to provide valid purpose proof at age 18 or does not withdraw within 10 years, they may only reclaim the principal and interest from 'parental self-deposits' and 'corporate sponsorships.' All government-provided startup funds, annual top-ups, and investment returns will be returned to the national treasury.

- **Mid-Term Withdrawal Request**: If a minor requests to exit before adulthood, and still insists after one year of counseling by the competent authority, they may only reclaim self-deposited and corporate-sponsored portions. All government subsidies revert to the treasury, and the account cannot be reopened after settlement.

### Anti-Abuse Clause:

If parents commit abuse, abandonment, or neglect violating the 'Child and Youth Welfare Act,' courts may legally suspend their control over the 'Development Allowance Account.' The competent authority may also recover misused funds and return them to the child.