Strong markets push equity SSIAs ahead

A new report on special savings accounts (SSIAs) suggests that the fina value of the scheme will be more than €16bn, with the Government recouping €400m through the 23% exit tax on interest earned on the accounts.

The report, from actuarial consultants Life Strategies, also says that equity-based accounts will produce the highest returns, and have moved further ahead of fixed and variable rate deposit accounts over the last six months.