GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:28 Aug 19, 2002 |
Dutch to English translations [Non-PRO] Bus/Financial | |||||||
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| Selected response from: Dave Greatrix United Kingdom Local time: 08:59 | ||||||
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premium savings scheme Explanation: Subject - Public Administration - Private Administration - Offices(=AD) (1) TERM Algemene Premiespaarregeling Definition Premium saving: basically, a form of saving where a bank pays an additional premium on the interest rate subject to certain conditions being met (Swiss Bank Corporation). Reference QDEM (1976) (1) TERM National Premium Savings Scheme Reference QDEM (1976) |
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premium savings scheme Explanation: This is how it's often translated in my experience. -> "2. Premium savings scheme The employer deducts an agreed amount from the net salary and deposits it in a savings account in the name of the employee. The employer may grant a tax free savings premium up to 100% of the saved sum. The premium is fiscally limited to 1,138 dfl a year. This scheme also includes the condition that the money remains in deposit for at least four years, and that premature withdrawals are permitted only under certain circumstances." http://www.cbs.nl/en/figures/keyfigures/hfo0511y.htm -> "We further offer a flexible pension scheme, the opportunity to join our premium savings scheme and salary savings scheme, a contribution to medical insurance, advantageous group insurance and a home PC scheme." http://www.eur.nl/vacature/Holding0210.html Reference: http://www.cbs.nl/en/figures/keyfigures/hfo0511y.htm Reference: http://www.eur.nl/vacature/Holding0210.html |
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Premium savings scheme Explanation: Premium savings scheme The employer deducts an agreed amount from the net salary and deposits it in a savings account in the name of the employee. The employer may grant a tax free savings premium up to 100% of the saved sum. The premium is fiscally limited to 1,138 dfl a year. This scheme also includes the condition that the money remains in deposit for at least four years, and that premature withdrawals are permitted only under certain circumstances. ref. http://www.cbs.nl/en/figures/keyfigures/hfo0511y.htm |
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I wonder whether we are not talking about a superannuation scheme here Explanation: The American refer to it as a pension plan, but UK and commonwealth countries usually use the word superannuation. It generally conssists of regular amounts (premies) paid by both the employee and the employer, and subject to strict rules (accessibility at retirement etc), it is usually treated preferentially from a tax point of view. Cheers Louis |
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