Social security contributions for 2024Social security contributions for 2024
Produced by the Freedom of Information officeAuthored by Employment, Social Security and Housing and published on
09 January 2026.Prepared internally, no external costs.
Request 779494500
I have a document from the Social Security Department that states:
In 2021, of every pound we collected in contributions:
77p was used to pay for old age pensions
20p was used to pay for working age benefits
3p was used to run the scheme
Please would you advise me of the split for 2024
Response
In 2024, of every pound of expenditure:
77p was used to pay for old age pensions
20p was used to pay for working age benefits
3p was used to run the scheme
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