Thinking about a pension?
Not sure where to start?
Don't be one of the 70% of people in the creative sector without one...
Following the last round of very successful seminars, a further series of FREE Pension for Artists seminars is being run between September and November, including one in Newcastle on 22 October. They will provide information to artists and creative practitioners about their pension options.
"Extremely useful. Essential information" "Excellent - great, lively and honest presenter" Previous seminar attenders
Supported by the Arts Council England, through their Artists insights programme, these short but intensive seminars will examine:
- your likely retirement needs
- the various options for your pension provision / opportunities
- consequences for you if you choose not to have a pension
The seminar in Newcastle is taking place at Arts Council England, North East Office from 10.00 - 12.30noon.
To make a booking please visit http://www.euclid.info" rel="nofollow">www.euclid.info or email peter@euclid.info with your name, address, name of organisation if any, and the date and time of the seminar you wish to attend.
Please also feel free to forward these details to your colleagues who may be interested in this important subject.
Rachel Kirkwood
Marketing & Events Manager
EUCLID
Have you visited www.culture.info yet? Your first step to cultural information...
ACT NOW: Specialist and Independent Pensions Advice for Artists / Creative Practitioners
As someone who attended the highly successful Pensions Seminars earlier this year, we are pleased to announce the availability of advanced pension’s seminars.
These seminars are aimed at professional artists /creative practitioners who are looking at ways of developing a long term pensions plan for themselves. The seminar will provide an in-depth look at pensions and examples with particular reference to:
- Choosing the right tax wrapper
- SIPPS and SSAS pensions arrangements for property / studios / income earning assets
- Alternative exit strategies to annuities
These seminars will run on the following dates:
- London - Tuesday 11 September at University College London 10.00 -12.30
- London - Tuesday 11 September at University College London 14.00 - 16.30
- Manchester - 12 September, Arts Council England Office, North West 10.00 - 12.30
- Liverpool - 12 September, Blackburne House 14.00 - 16.30
Each session will be attended by an Independent Financial Planner and there will be the option to have a one-to-one session with the Planner one week later.
The cost per attendee will be £80 (inc VAT). To book a place, please click visit www.euclid.info
Finally, we will also be running the basic pensions seminars again, and further details are available on www.euclid.info
Many thanks
The EUCLID Team
12 Charlotte Street, Manchester M1 4FL
T: 0161 245 3232 F: 0161 245 3322
W: www.euclid.info E: info@euclid.info
Pensions For Artists Update
We want to let you know about everything that is happening at Pensions For Artists and to ask for you input as well. As you will see we are re-running our successful pensions seminars and will be trialling a number of advanced pensions seminars alongside a highly experienced and certified Independent Financial Planner. We are also looking for examples where artists have taken up pensions OR have decided to plan for their retirement in some other alternative way!
Pensions Seminars
Firstly for those who were unable to attend the original pensions seminars we will be running 18 sessions in September, October and November. One change is that we are aiming to run half of these events in partnership with artist led organisations, creative skills networks and sector development agencies. If your organisation or network are interested in running one of these sessions please contact Joe McGrath at info@pensionsforartists.org.uk or Rachel Kirkwood at rachel@euclid.info. Alternatively if you or your colleague and friends want to attend one of the basic pension seminars there will be another ten taking place across England, available on a first come first booked basis. So check on the web-sites for dates. The one change this time is that we will be charging a £20 refundable deposit for these events which will be repaid on attendance to the seminar.
Advanced Pensions Seminar
Following the highly successful Pensions Seminars we are pleased to announce the availability of advanced pensions seminars. These seminars provide self employed / portfolio artists with a more in-depth look at pensions with particular reference to
- Choosing the right tax wrapper
- SIPPS and SSAS pensions arrangements for property / studios / income earning assets
- Alternative exit strategies to annuities
These seminars will run on the following dates:
Tuesday 11th September (morning and afternoon session) at University College London
Wednesday morning 12th September, Arts Council Office, Manchester
Wednesday afternoon 12th September, Blackburne House, Liverpool
Each session will be attended by Ray Bucknell an Independent Financial Planner and there will be the additional option to arrange to speak to Ray on a one to one basis a week later. Ray Bucknell is a Certified Financial Planner and Managing Director of Priory Financial Management Ltd. PFM is now in its 10th year of business and part of Priory Partnership an Accountancy and Financial Services group based in the North West .
As these seminars are of an advanced nature we recommend that those attending the sessions have either attended one of the previous Pensions Seminars or have a good knowledge of pension.
The cost per attendee will be £80 (inc VAT).
For booking please contact Rachel at Euclid on 07000 382543 or for more details visit www.pensionsforartists.org.uk / www.euclid.info
Real Life Examples
We are looking to include on the Pensions For Artists website examples where artists have taken up pensions as a result of attending one of our sessions or have chosen an alternative method of retirement planning. Each artist will be featured on our website and we will include links to other artists sites. If you have an example that you would like to share with your peers now is the chance!
Please keep letting me know your thoughts on the website and on Pensions For Artists we have some interesting suggestions at the moment that we are developing behind the scenes and will let you know about these as they progress.
Finally I shall be away on holidays at the end of this week and will return on Monday 6th August, if you require any further information on any of the above please contact Keith Hackett on email keith@euclid.info.
Best Wishes
Joe
Three Big Things about Pensions
1. Pensions are a tax efficient method of saving:
If you pay income tax, any money you contribute to a pension will not be taxed
For a standard rate tax payer this is the equivalent of saving £22 for every £100 put into a pension scheme
For a higher rate tax payer the saving will be £40 for every £100 put into a pension scheme
There are no capital gains charges to a pension scheme
You may be able to withdraw 25% (tax free) of the fund value when you take the pension
However, remember income drawn from a pension will be taxed.
2. Pensions are always changing
For example, on 06 April 2006 Gordon Brown made a number of announcements about pensions, many of which were beneficial to predominantly self-employed industries
You should regularly seek independent financial advice (many providers offer a free consultation, so shop around)
Develop a clear picture for yourself of the pensions and savings landscape, and then keep up-to-date.
To help you with this Arts Council England is supporting the development of this website.
3. Pensions are not the only way to save
46% of artists surveyed had an ISA, a more popular form of saving compared to a pension
People are seeing investments in ISAs, or their own property, as suitable alternatives
The pre-budget announcement in December 2006 confirmed that ISAs will become permanent
More than 16 million people now have money saved in ISAs, and the government are proposing a more simplified savings regime
ISAs are another tax efficient method of saving, however the benefit is that savers do not pay income tax or capital gains tax on any income (gains) made.
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