Written answers

Tuesday, 26 November 2019

Department of Finance

Special Savings Incentive Scheme

Photo of Colm BrophyColm Brophy (Dublin South West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

160. To ask the Minister for Finance the cost to the Exchequer of the special savings incentive accounts scheme; and if he will make a statement on the matter. [48621/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The special saving incentive account (SSIA) scheme opened on 1 May 2001 and entry closed on 30 April 2002. The accounts fully matured after a five year period between 1 May 2006 and 30 April 2007.

The total cost of the scheme was €3.061bn. The following is a breakdown of the yearly cost of the scheme;

Year Cost
2001 €71m
2002 €433m
2003 €532m
2004 €548m
2005 €597m
2006 €440m
2007 €440m
Total €3,061m

Comments

No comments

Log in or join to post a public comment.