Poll: Artists - Accept You Lot Made Provision For A Pension?

The topic most people look to the lowest degree keen to verbalize nearly apart from expiry is pensions.  Artists are no exception.

In fact if anything they look less probable to verbalize nearly it because, unless they are prompted to practise something, they larn few reminders.  At to the lowest degree when inwards job yous run across a deduction going into a pension pot each month!

The vast bulk of artists convey no soul pension plans

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

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

• the gobblydygook which masquerades every bit advice nearly 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 as well as thence convey few resources amongst which to practise a pension.  
• a belief, erroneous or otherwise, that artists never retire as well as tin give off to brand proficient fine art into their quondam historic catamenia - thence no demand for a pencion (Hokusai created his bully industrial plant as well as became famous afterward the historic catamenia of 60)
• a sum disinclination to fifty-fifty intend nearly pensions!

I'm guessing that i of the reasons that a lot of Great Britain artists instruct inside dry ground funded didactics is as well as then that they tin earn themselves a pension pot every bit most other people inwards job do.

Artists Interaction as well as Representation (AIR) provided an update on their run re artists' pensions inwards Dec 2012.  They concluded thus

Key findings as well as then far include:

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

• In the Great Britain working population every bit a whole, 44% don’t convey a soul pension. It likewise showed that affordability is the cardinal ingredient inwards whether artists relieve for their pensions, as well as 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 as well as revenue enhancement relief are powerful incentives for these members to opt in.

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

Making H5N1 Mark Poll - Pension provision for Artists

The Making H5N1 Mark Poll for May is nearly pension provision for artists.

It aims to furnish a guideline every bit to what proportion of artists brand provision for a pension.  The inquiry as well as options are every bit below.

Artists - Have yous 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 dry ground pension 
• No - no spare cash for pension contributions
• No - I shall hold selling paintings until I drop
• No - I've no consider where to kickoff or what to do
• No - I'd rather non intend nearly it

You tin detect the poll inwards the correct manus column.  The deadline for voting is 00:10 on 31st May as well as I'll endeavor as well as written report the poll results every bit presently every bit possible afterward that.

Pensions for Artists

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

One of the things I'm likewise going to practise this calendar month is inquiry what data is available online inwards connecter amongst pensions as well as volition hit a website as well as then I tin part that amongst you
UPDATE 2016: You tin forthwith detect that page at Retirement as well as Pensions for Artists

(a fighting similar my Art afterward expiry - Resources for Artists & Art Collectors website) UPDATE 2016: The Art Legacy webpage

Tweet

Subscribe to receive free email updates: