SK Artist Benefit Programs
- Arts & Entertainment Health Plan for artists
EMPLOMENT INSURANCE (EI) Benefits for Self-Employed People
CHILDRENS CULTURAL ACTIVITY TAX BENEFITS
SASKATCHEWAN PENSION PLAN
Saskatchewan Pension Plan makes it easy for artists to have a pension plan, even though as an artist you may have multiple employers per year, or are self employed.
Anyone can contribute to your account, in any amount, at any time (up to a combined maximum of $2,500 per year). That way, sponsors, engagers, employers and anyone can contribute to your account as part of a grant, contract or employment agreement. The amount of money contributed on your behalf remains in your account, earning interest until you want to retire from SPP (between the ages of 55 and 71).
The Plan will accommodate your individual financial circumstances. Once you have an SPP account, you can start and stop contributions whenever you wish. There’s no obligation to contribute every year. As well, the contributions are tax deductible by you.
With the recent increase in our contribution limit (up to $2500 peryear), SPP offers you even more benefits, now and when you retire. SPP is a voluntary, money purchase plan for people who want an easy way toaccumulate funds for retirement. The Plan is available to people between 18 and 71 years of age. Eligibility is not dependent upon residency ormembership in other plans. You must have available RRSP room to makecontributions.
Since 1986, SPP has grown to the 26th largest defined contribution plan in Canada with $282 million in assets and 31,000 members. (View rate of return history.)
The Plan is designed for flexibility, so that members can make it fit their situation and budget. SPP is:
- Voluntary - no obligation to contribute;
- Flexible - payment at any time during the plan year;
- Portable - people can join and contribute to the Plan regardless of where they reside; and
- Professionally managed - The return has averaged 8% since it started in 1986.
For more information, or to join the Plan, call 1 800 667 7153 or visit www.saskpension.com.
Une version francaise du guide à l'usage des cotisants de Régime de pension de laSaskatchewan est disponible sur notre site Internet sous les guidesd'information dans la section des instruments et les ressources.