Glossary entry (derived from question below)
Swedish term or phrase:
löneväxling
English translation:
salary sacrifice, salary exchange
Added to glossary by
Karen Goulding
Jul 27, 2007 08:51
16 yrs ago
20 viewers *
Swedish term
löneväxling
Swedish to English
Bus/Financial
Finance (general)
salary terms
"Löneväxling kan ske enligt gällande policy."
Does anyone have a neat way of expressing this? I can find plenty of explanations of what it means (giving up part of one's salary in return for e.g. pension insurance, childcare or a home PC provided by the employer) but am stuck for a way to incorporate it.
Does anyone have a neat way of expressing this? I can find plenty of explanations of what it means (giving up part of one's salary in return for e.g. pension insurance, childcare or a home PC provided by the employer) but am stuck for a way to incorporate it.
Proposed translations
(English)
4 | salary sacrifice | E2efour (X) |
4 | salary exchange | Sven Petersson |
4 | salary deferral | Diarmuid Kennan |
Change log
Aug 1, 2007 07:04: Karen Goulding Created KOG entry
Proposed translations
3 hrs
Selected
salary sacrifice
Salary sacrifice is an arrangement by which an employee agrees to forego part of their future salary or wages in return for their employer providing benefits of a similar value.
A contractual agreement with your employer to alter your salary package by exchanging part of your future salary or wages for another benefit is called a ‘salary sacrifice arrangement’.
A contractual agreement with your employer to alter your salary package by exchanging part of your future salary or wages for another benefit is called a ‘salary sacrifice arrangement’.
4 KudoZ points awarded for this answer.
Comment: "Thanks - this fitted the bill nicely."
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