Guernsey Insurance Fund income and spending, 2016 to 2026 (£m)
Income and spending of the Guernsey Insurance Fund, which pays the States pension and the contributory benefits, from 2016 to 2026 and before investment returns. Spending is above income in every year shown. Over 2016 to 2025 the operating deficit added up to £262.2m, paid for from investment returns and the reserve.
Read this with the chart: Before investment returns; spending includes administration. 2016 and 2017 come from policy letter P.2019/94, 2018 from P.2021/108, 2019 and 2020 from P.2022/80 (which restates the earlier figures), and 2021 to 2026 from P.2024/78 and P.2025/113. 2025 is a forecast and 2026 a budget in the latest letter; the Budget 2027 report has later numbers for both. The axis starts at zero.
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Sources
- Committee for Employment & Social Security, "Contributory Benefit and Contribution Rates for 2026", P.2025/113 (policy letter dated 8 September 2025)
- Committee for Employment & Social Security, "Contributory Benefit and Contribution Rates for 2025", P.2024/78
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