SSIA contributions falling slightly

INVESTORS availing of the Government's Special Savings Incentive Accounts (SSIAs) are reducing their contributions, new figures show.

As stormy economic conditions force consumers to tighten their belts, Department of Finance figures show subscriptions to the scheme for September dropped from €178.6m to €176.8m.

The figures suggest that, despite question marks over the future of the scheme, a widely anticipated rush of savers to increase their contributions has not materialised.