We are trying to work with SAG on the Ultra Low Budget contract as I write this.
They over charged us!!!!
They came up with a ridicluos SAG actor BOND amount.
We went to the SAGindie workshop, and checked our information very carefully all over the WEB. At the work shop and other WEBsites we found statements that there's a 40% bond for SAG Salaries, and to make sure you budgeted for it. We did budget for it, but that was not the correct amount. We tried to contact SAG about the BOND during the time we were writing the budget to make sure this was right, but nobody at SAG would answer this question. That left us no choice, we had to figure out the bond from other sources. So we went with the 40%. That was wrong! It's actually the entire amount you are paying your SAG actor's plus 10% -- plus 15.3% of entire cast Salary for pension and health.
So say your total budgeted salary is $5,000.
You would pay the $5,000
Plus 10% additioanl $500
Then pension and health $765
The total bond would be $6265 plus your actors Salaries which is 5,000 so your total budget should be $11,265 for actors.
SO DO NOT USE THIS 40% when figuring your budget.
SAG hit us with this two days before we were suppose to start shooting.
We would never have gone SAG route if we didn't go to the SAGindie workshop, which is basically selling the new low budget contract, and there information is very very wrong. Do not trust these workshops.
They over charged us!!!!
They came up with a ridicluos SAG actor BOND amount.
We went to the SAGindie workshop, and checked our information very carefully all over the WEB. At the work shop and other WEBsites we found statements that there's a 40% bond for SAG Salaries, and to make sure you budgeted for it. We did budget for it, but that was not the correct amount. We tried to contact SAG about the BOND during the time we were writing the budget to make sure this was right, but nobody at SAG would answer this question. That left us no choice, we had to figure out the bond from other sources. So we went with the 40%. That was wrong! It's actually the entire amount you are paying your SAG actor's plus 10% -- plus 15.3% of entire cast Salary for pension and health.
So say your total budgeted salary is $5,000.
You would pay the $5,000
Plus 10% additioanl $500
Then pension and health $765
The total bond would be $6265 plus your actors Salaries which is 5,000 so your total budget should be $11,265 for actors.
SO DO NOT USE THIS 40% when figuring your budget.
SAG hit us with this two days before we were suppose to start shooting.
We would never have gone SAG route if we didn't go to the SAGindie workshop, which is basically selling the new low budget contract, and there information is very very wrong. Do not trust these workshops.
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