May 5th, 2015

Pensions for Actors

There’s a few changes to pension rules that actors need to be aware of.

New legislation (auto-enrolment) mean that employers will need to make a pension contribution for many of their employees to a scheme of the employers choice.

For lots of workers that could be a good thing.  But for actors – who work for lots of different companies – it could mean that they end up with lots of little pensions.  This could make keeping track of your savings a nightmare – and could even mean you lose out if you lose track of your different schemes.

You can avoid this by joining the Equity Pension Scheme (EPS) and keeping all your pension money together in one place.

Also, the contribution levels of the EPS are much higher than what you would currently get with auto-enrolment.

For example – many employers will contribute 5% to the EPS but only 1% to an auto-enrolment scheme.

You can learn more about the EPS and auto-enrolment from First Act who administer the scheme on behalf of Equity.  Link – Pensions for actors

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Managing Director

Jonathan trained as a chartered accountant with Price Waterhouse (now PWC) in Liverpool before becoming a small business services manager for Grant Thornton in Warrington. He also spent three years as the financial controller for Brookside and Hollyoaks (not that he ever mentions it!).

Jonathan is recognised as a specialist in the entertainment industry and is often called upon to provide training courses and seminars for media professionals. He's also a bit of a technology geek and has been recognised with the accountancy industry as one of the most progressive accountants in the UK.
Outside of work Jonathan is very proud to be the Treasurer of the Tim Parry Johnathan Ball Foundation for Peace and to be on the Council of the Liverpool Institute of Performing Arts (LIPA)

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