About us
Pensions for Artists
Pensions for Artists is a new website funded by the Arts Council, providing artists with up-to-date information about pensions and savings.The site hopes to address some worrying statistics:
- 70% of artists are not saving adequately for their future and are at risk of poverty in their retirement.
- 90% of people working in the arts are unaware of the tax benefits of pensions and other kinds of savings.
Since artists are twice as likely to earn less than £10,000 a year than the rest of the working population, it is easy to see why so few of the estimated 400,000 people working as professional artists are not investing in long-term savings.
But if the current situation doesn’t change by 2050, the majority of artists will be retiring into a meagre existence of means-tested state benefit.
Pensions for Artists aims to empower artists to educate themselves. As well as providing guidance sheets, case studies and links, Pensions for Artists includes a ‘Pension Advisor’ that helps users calculate future incomes based on current savings and provides detailed information about retirement planning options.
Visit Pensions for Artists at: www.pensionsforartists.org.uk
