Colm Brophy
Question:160. Deputy Colm Brophy asked 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]
View answerTuesday, 26 November 2019
Questions (160)
Written answers
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 |