Written answers
Tuesday, 26 November 2019
Department of Finance
Special Savings Incentive Scheme
Colm Brophy (Dublin South West, Fine Gael)
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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]
Paschal Donohoe (Dublin Central, Fine Gael)
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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 |
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