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French to English translations [PRO] Bus/Financial / pensions
French term or phrase:les pensions servies sous forme de capital
I can't figure out the above phrase. Here's the section it appears in:
D'autre part, les cotisations patronales et salariales aux fonds de pension sont désormais fiscalement déductibles, les plus values dégagées sont exonérées et les pensions servies sous forme de capital sont partiellement exonérées.
Explanation: This is from an EU study (§ 2.2.4 of the document)
The English version reads...
Les cotisations aux régimes professionnels sont fiscalement déductibles tant pour le salarié que pour son employeur. Les pensions servies sous forme de capital sont imposées au taux uniforme de 16,5%, les pensions en rentes étant imposées au taux habituel 2 .
Contributions to occupational pension schemes are tax-deductible for both the employee and the employer. Capital-sum pensions are taxed at a flat rate of 16,5% and annuities are taxed at the standard rate 2 .
-------------------------------------------------- Note added at 2002-03-07 06:46:53 (GMT) --------------------------------------------------
It was also harmonised into the laws of English and Wales as such...
House of Lords - Explanatory Note - [ Traduire cette page ] ... Orders for payment of capital sum: pensions lump sums. 12A.- (1) This section applies where the court makes an order under section 8(2) of this Act for payment ... www.parliament.the-stationery-office.co.uk/pa/ld199899/ldbi... 062/en/99062x-o.htm