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Ssia

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  • 21-08-2004 12:21am
    #1
    L5
    Closed Accounts Posts: 2,951 ✭✭✭


    Ok im earning some decent money now and want to put some money away for a rainy day. I have a ssia account i havent used much, is there long left in this scheme? Do people think its a good way of saving money, I plan on lodging the maximum per month into it.
    Thanks


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    #2
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    The SSIA is the best deal in town (with the possible exception of employer-matched pension contributions). Max it out if at all possible (assuming that you have cleared other significant debts first).


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    #3
    Kirbdog
    Closed Accounts Posts: 5 ✭Kirbdog


    Question is what type of ssia to go for. The equity ones should in theory offer a better return. I got a pasting in a global equity fund in the early days but its come around. The deposit account is safe but dull.


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    #4
    Flukey
    Registered Users Posts: 11,001 ✭✭✭✭Flukey


    It is definitely a good thing to do. You could take a chance on the equities as things do seem to be on the rise. Of course you could just buy some shares anyhow.


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    #5
    jd
    Registered Users Posts: 5,695 ✭✭✭jd


    Flukey wrote:
    Of course you could just buy some shares anyhow.

    But you don't get the governments free 25%.


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