Jersey: £403m paid into social security scheme in 2024

A total of £403m was paid into the social security scheme in Jersey last year, according to a new report.

The Policy Centre has published a detailed report looking at Jersey’s social security system, the first study since 2017.

Of the £403m figure, 40% was paid in by employers, 34% by employees, 6% by the self-employed and 19% from taxation.

The report also highlighted benefits of £387m were paid in 2024, of which pension payments accounted for £255m.