Merits of Savings schemes assessed

In Business This Week tomorrow, The Irish Times, in association with Becketts Employee Benefit and Personal Financial Consultants…

In Business This Week tomorrow, The Irish Times, in association with Becketts Employee Benefit and Personal Financial Consultants, will assess the investment accounts on offer to savers under the Special Savings Incentive Scheme.

Under the scheme, the Government will give savers £1 for every £4 they save each month over a five-year term. Savers have to open a Special Savings Incentive Account to benefit under the scheme. They need to choose broadly between the deposit accounts (covered in Business This Week last Friday) and the investment accounts available from a range of financial institutions. Each saver can have only one account which can be opened at any time up to April 30th, 2002.

An online guide to the Government Special Savings Incentive Scheme is now available on The Irish Times website, ireland.com. With latest news and analysis updated regularly, it features a Q&A section, a jargon-free guide, advice and forecasts of returns on monthly savings. The site can be found at: www.ireland.com/ business/savings-incentive.