German: AbrufrenteEnglish translation: pension drawdown 
KudoZ The KudoZ network provides a framework for translators ... More  |
|
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | German term or phrase: | Abrufrente | | English translation: | pension drawdown | | Entered by: | EMatt |
| Options:
- Contribute to this entry |
German to English translations [PRO]
Bus/Financial - Insurance / insurance | | German term or phrase: Abrufrente | | Der Versicherungsnehmer kann statt der versicherten Rente die Zahlung einer frueher beginnenden herabgesetzten Abrufrente verlangen. |
| | | pension drawdown | Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?) |
| Selected response from:
 Kieran McCann
United Kingdom
| Note from asker to answererThanks. As far as I know we don't have anything like this in the U.S.
4 KudoZ points were awarded for this answer |
|
1 hr confidence:   peer agreement (net): +1 |
1 hr confidence: |
| Background info - not for points
Explanation:
Abrufrente
Bei einer privaten Rentenversicherung kann in der Regel jederzeit vor dem ursprünglich vertraglich vereinbarten Rentenbeginn die Zahlung einer früher einsetzenden lebenslangen Rente verlangt werden.
Diese vorzeitige in Anspruch genommene Rente heißt im Fachjargon: "Abrufrente"
Da insgesamt weniger Beiträge als ursprünglich geplant gezahlt wurden und die Rente auch länger gezahlt wird, fällt sie etwas niedriger aus.
https://www.victoria.de/home/frameset.asp?url=/suchen/lexikon/Defau...
| | | Login to enter a peer comment (or grade) |
12 hrs confidence: |
| pension drawdown
Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?)
Reference: http://www.parnellfisherchild.co.uk/retirement_drawdown.htm
Reference: http://workthing-d-aspen.workthing.com/advice/theme/dshift_r...
| Kieran McCann
United Kingdom
Native speaker of:  English
PRO pts in category: 61
|
| Note from asker to answerer| Thanks. As far as I know we don't have anything like this in the U.S. |
| | Login to enter a peer comment (or grade) |
Return to KudoZ list
| |
The translation workplace 
