Forecast: Employers' Social Contributions in ICT Sector in the UK

In 2023, employers' social contributions in the UK's ICT sector were noted to be considerably lower than the projected figures for 2024, which show a rise to 16.1 billion pounds sterling. The forecast from 2024 to 2028 indicates a steady increase in social contributions, with a compound annual growth rate (CAGR) suggesting consistent growth around 2.37% annually. Year-on-year growth between 2024 and 2025 is 2.54%, and it remains steady around similar values through to 2028 with an average increase of about 2.5% yearly, reflecting a stable expansion in employer contributions.

Future trends to watch for:

  • The impact of ongoing digital transformation could further drive up contributions as demand for skilled ICT professionals rises.
  • Policy changes regarding taxation and employer contributions may alter forecasts, and need close monitoring.
  • Technological advancements, such as AI and automation, might influence employment structures, affecting overall social contribution values.

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