Govt to encourage SSIA holders to invest in pensions
19/12/2005 - 07:42:49The Government is reportedly planning measures to encourage SSIA holders to put their savings into pensions.
More than €16bn is due to be released into the economy when the Special Savings Incentive Accounts introduced five years ago begin maturing next year.
Reports this morning said Minister for Finance Brian Cowen was focusing on this windfall as the principal means of getting low-paid workers to invest more in pensions.
The reports said additional tax relief on pension contributions was expected to be included in the Finance Bill due for publication early next year.
