Cowen to unveil new SSIA-linked pensions initiative

Minister for Finance Brian Cowen is expected to announce a new scheme today aimed at encouraging people to reinvest their SSIA savings in a pension.

Thu, 02 Feb, 2006 - 07:45

Minister for Finance Brian Cowen is expected to announce a new scheme today aimed at encouraging people to reinvest their SSIA savings in a pension.

The minister is expected to offer a bonus payment of around €2,500 to people on the lower tax rate who reinvest €7,500 in a pension scheme.

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