I propose to take Questions Nos. 146 and 156 together.
I am informed by the Revenue Commissioners that, based on the 2002 annual returns furnished by all qualifying savings managers, the total number of active accounts at 31 December 2002 was 1,143,418 and the average monthly subscription at that date was €158. They have also advised that the total number of special savings incentive accounts, SSIAs, that were closed since the commencement of the scheme on 1 May 2001 to 31 December 2002 was 39,557.
It is not possible to give a definitive answer as to the eventual cost of the scheme as it is subject to a number of variables such as where participants die, withdraw from the scheme or vary their monthly contributions. If the current average monthly payment based on subscriptions to the scheme to 31 July 2003 continues for the full year, the annual cost in 2003 would be approximately €530 million. This, however, is not a conclusive figure, and the final figure may be different than that, if account holders change their monthly contributions.