Ciarán Lynch (Cork South Central, Labour)
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326. To ask the Minister for Finance the number of special savings incentives accounts that were opened; the number of accounts that attracted up to 100%, 75%, 50%, 25% of the available benefit; if data has been gathered in regard to the income levels and employment status of participants; the total amount invested in SSIAs; the total amount of interest paid out; the amount an equivalent amount deposited at the prevailing interest rates would have attracted; and if he will make a statement on the matter. [34739/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the total value of subscriptions made to Special Savings Incentive Accounts (SSIAs) from commencement of the scheme in May 2001 until its ending in April 2007 was €11,384m and the total tax credit was €2,473m.

I am further advised by Revenue that 1,170,208 SSIAs were commenced by individuals in the period from its introduction up to the closing date of 30 April 2002.

The following table provides a breakdown of account holders' average monthly subscription levels.