Q&A

Scottish Legal Life savings account

The value-for-money rankings on investment Special Savings Incentive Accounts (May 18th) miscalculated the figure for the reduction in investment yield over five years due to the impact of charges on the Scottish Legal Life product. The percentage reduction in investment return should have read 2.8 per cent, not 4 per cent.

As a result, the Scottish Legal Life product carries a two-star value-for-money rating after five years based on charges over the period and would rank 20th in the overall value-for-money table, not 27th.

Euro notes and coins

A reply in last week's Q&A column referred to national features on euro notes and coins, which will be introduced in January. The report should have made clear that euro notes will be identical across the euro zone although coins will carry a national design on one side. Both can be used in all participating member-states.

Due to pressure of space. Q&A has been held over for this week. The column will appear again next Friday.

Please send your queries to Dominic Coyle, Q&A, The Irish Times,

D'Olier Street, Dublin 2 or e-mail to dcoyle@irish-times.ie. This column is a reader service and is not intended to replace professional advice. Due to the volume of mail, there may be a delay in answering queries. All suitable queries will be answered through the columns of the newspaper. No personal correspondence will be entered into.