Dinny McGinley
Question:112 Mr. McGinley asked the Minister for Finance his views on whether any scheme should replace the special savings account when it expires. [4706/04]
View answerTuesday, 17 February 2004
Questions (30)
Written answers
The specific goal of the SSIA scheme was to encourage people to save over a period of at least five years. Its effect has been to stimulate such savings over varying income ranges which is evident in the extensive take-up by many low income earners. The scheme has been a success in those terms. The scheme has a specific duration. Any proposals for new schemes either to replace the SSIA scheme or other schemes would be considered as part of the normal annual budgetary process taking account of public policy objectives and Exchequer cost implications.