Performance of equity-based SSIAs on the rise

A TYPICAL equity-based Special Savings Investment Accounts (SSIA) is now showing a value in excess of contributions invested, including the Government contribution, compared with a deficit of almost 10% this time last year, the latest findings show.

Actuarial consultancy Life Strategies yesterday released its second annual report on SSIAs, which showed that equity-based SSIAs performed strongly in the last year, in contrast to their poor performance in the previous year, since the SSIA scheme closed.

Over the last year, equity-based SSIAs have returned the strongest performance of the three different types of accounts and a typical equity-based SSIA is now showing a value in excess of contributions invested compared with a deficit of almost 10% this time last year.