‘Needy should be given SSIA accounts’

ANTI-POVERTY campaigners yesterday called for SSIA accounts for the poor so that they can benefit from generous Government incentives for savers.

The Society of St Vincent de Paul (SVP) made the call in its pre-Budget submission, saying a €1 giveaway for every €1 saved by low-income savers would help alleviate poverty.

The measure would mean poorer savers would benefit from Ireland’s recent SSIA bonanza, which saw the Government give savers €1 for every €4 saved over the last five years.