SSIA holders told file papers or miss out

SSIA holders could lose up to €5,000 if they fail to return the proper documentation to the Revenue Commissioners on time.

Revenue said SSIA holders must fill out and sign an SSIA declaration form and return to it to their SSIA provider by maturity date in order to retain the 25% addition to their savings from the Government.

Savers who contributed the maximum €254 every month but who fail to meet Revenue’s requirements would see the value of their account fall from over €20,000 to €15,000.