Public invests € 4 billion in SSIA scheme

THE public has invested €4 billion in the Government-backed Special Savings Incentive Account scheme (SSIA) at a cost of €992 million to the Exchequer.

The figures were confirmed yesterday by the Department of Finance. The total bill to the Exchequer is set to hit the €2.65bn mark.

The majority of people, nine out of 10, with an SSIA are in the medium to low-income bracket, and they stand to make big gains when the scheme finishes in three years.