Insurance federation calls for SSIA tax breaks

THE Irish Insurance Federation has called on the Government to give tax breaks to SSIA holders to encourage them to continue saving.

In its pre-Budget submission, the IIF says the maturing of the 1.2 million accounts offers the Government a “once in a lifetime opportunity to build on the savings culture” that SSIAs began.

IIF president Tom Barry said: “We have given the Government a number of options to consider such as developing a private pension product with SSIA features.