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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John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

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