Brand New!! Poll: Artists - Accept Y'all Made Provision For A Pension?

The topic most people look to the lowest degree keen to speak close apart from boot the bucket is pensions.  Artists are no exception.

In fact if anything they look less probable to speak close it because, unless they are prompted to exercise something, they larn few reminders.  At to the lowest degree when inwards work you lot run into a deduction going into a pension pot each month!

The vast bulk of artists convey no mortal pension plans

Katsushika Hokusai, inwards an 1839 self-portrait
historic menstruum 79

I suspect that reasons why artists don't larn to grips amongst pensions are various:

• the gobblydygook which masquerades every bit advice close pensions is a large argue for a lot of people
• Another argue is affordability - when artists don't brand a lot of coin from their fine art together with thus convey few resources amongst which to exercise a pension.  
• a belief, erroneous or otherwise, that artists never retire together with tin move along to brand proficient fine art into their erstwhile historic menstruum - thus no demand for a pencion (Hokusai created his groovy industrial plant together with became famous afterwards the historic menstruum of 60)
• a amount disinclination to fifty-fifty intend close pensions!

I'm guessing that i of the reasons that a lot of United Kingdom of Great Britain together with Northern Ireland artists learn inside nation funded educational activity is together with then that they tin earn themselves a pension pot every bit most other people inwards work do.

Artists Interaction together with Representation (AIR) provided an update on their move re artists' pensions inwards Dec 2012.  They concluded thus

Key findings together with then far include:

• The Pensions for Artists enquiry commissioned past times Arts Council England inwards 2007 showed that 70% of artists (across all artforms) didn’t convey a mortal pension.

• In the United Kingdom of Great Britain together with Northern Ireland working population every bit a whole, 44% don’t convey a mortal pension. It too showed that affordability is the commutation constituent inwards whether artists relieve for their pensions, together with that artists are twice every bit probable every bit the working population every bit a whole to earn nether £10,000 a year.

• It is mutual inside performing arts unions to offering pension schemes. The combination of the employer contribution together with taxation relief are powerful incentives for these members to opt in.

• However, given that 50% of artists nowadays are self-employed they would survive the sole contributor to their ain savings. This presents a meaning challenge inwards creating an affordable, well-adopted system for visual together with applied artists.

Making Influenza A virus subtype H5N1 Mark Poll - Pension provision for Artists

The Making Influenza A virus subtype H5N1 Mark Poll for May is close pension provision for artists.

It aims to render a guideline every bit to what proportion of artists brand provision for a pension.  The inquiry together with options are every bit below.

Artists - Have you lot made provision for a pension?

• Yes - I brand regular payments into an artists pension plan
• Yes - I brand contributions when "in funds"
• Yes - I'm an fine art instructor amongst a pension
• Yes - I convey a regular project amongst a pension (use this i if already retired amongst a pension)
• Yes - I'm relying on a nation pension 
• No - no spare cash for pension contributions
• No - I shall maintain selling paintings until I drop
• No - I've no stance where to foremost or what to do
• No - I'd rather non intend close it

You tin discovery the poll inwards the correct manus column.  The deadline for voting is 00:10 on 31st May together with I'll sweat together with written report the poll results every bit before long every bit possible afterwards that.

Pensions for Artists

Here's i useful link - the United Kingdom of Great Britain together with Northern Ireland Government's State Pension Calculator for those who are paying National Insurance inwards the UK.  This tells you lot how much pension you lot tin larn from the State when you lot move eligible.  The amount State Pension is £110.15 a calendar week (£5,727 p.a.)

One of the things I'm too going to exercise this calendar month is enquiry what data is available online inwards connectedness amongst pensions together with volition create a website together with then I tin part that amongst you
UPDATE 2016: You tin directly discovery that page at Retirement together with Pensions for Artists

(a fleck similar my Art afterwards boot the bucket - Resources for Artists & Art Collectors website) UPDATE 2016: The Art Legacy webpage

Tweet

Subscribe to receive free email updates: