David Stanton (Cork East, Fine Gael)
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Question 215: To ask the Minister for Finance the total number of people who participated in the SSIA scheme; the number who withdrew from the scheme; the number of those accounts that have matured or are due to mature in the coming months; and if he will make a statement on the matter. [5718/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners, that 1,170,208 SSIAs were commenced by individuals prior to the closing date of 30 April 2002.

Based on the latest information available, a total of 86,569 SSIAs were ceased. The majority were ceased voluntarily by the account holders and a small number were ceased because the SSIA rules were breached. There were also a small number of SSIAs that were matured early due to death.

I am further advised that an estimated 396,618 SSIAs matured in the period May 2006 to January 2007 and that over the remaining three months of the scheme an estimated 687,021 accounts will mature.