Pension allowance vs pension fund

Spanish translation: [asignación de] pensión vs. fondo de pensión

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:pension allowance vs pension fund
Spanish translation:[asignación de] pensión vs. fondo de pensión
Entered by: Mónica Algazi

18:18 Nov 5, 2020
English to Spanish translations [PRO]
Bus/Financial - Economics / Pension
English term or phrase: Pension allowance vs pension fund
Hi,

I have come across this sentence:

Up to April 2020, Mr xxx would have paid £10,000 of his pension allowance to his pension fund.

I understand "pension fund" is "fondo de pensiones", would "pension allowance" be just "pensión"?

Thank you!
Alicia Estevez-hernandez
Local time: 07:47
[asignación de] pensión vs. fondo de pensión
Explanation:
Allowance sería lo que recibe el pensionista (la pensión); fondo sería lo que se ahorra para la futura pensión.
Selected response from:

Mónica Algazi
Uruguay
Local time: 03:47
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4[asignación de] pensión vs. fondo de pensión
Mónica Algazi
4aportes personales exentos de impuestos a su fondo de pensión
patinba
Summary of reference entries provided
past post-related terms
Robert Copeland

  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
[asignación de] pensión vs. fondo de pensión


Explanation:
Allowance sería lo que recibe el pensionista (la pensión); fondo sería lo que se ahorra para la futura pensión.

Mónica Algazi
Uruguay
Local time: 03:47
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 90

Peer comments on this answer (and responses from the answerer)
agree  Víctor Zamorano: Así es
1 hr
  -> Gracias, Victor.

agree  Javier (X)
1 hr
  -> Gracias, Javier.

agree  Manuel Aburto
19 hrs
  -> Gracias, Manuel.

agree  Luis M. Sosa
22 hrs
  -> Gracias, Luis.
Login to enter a peer comment (or grade)

3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
pension allowance vs pension fund
aportes personales exentos de impuestos a su fondo de pensión


Explanation:
En el Reino Unido, el "pension allowance" es el monto que un empleado puede aportar a su fondo de pensión libre de impuestos.

The annual allowance is a limit to the total amount of contributions that can be paid to defined contribution pension schemes and the total amount of benefits that you can build up in defined benefit pension scheme each year, for tax relief purposes.

The Annual Allowance - The Pensions Advisory Service


--------------------------------------------------
Note added at 3 hrs (2020-11-05 21:37:27 GMT)
--------------------------------------------------

Tax on your private pension contributions: Annual allowance ...www.gov.uk › Money and tax › Income Tax
Your annual allowance is the most you can save in your pension pots in a tax year ... You can also use a calculator to work out how much you've gone above the limit


En otras palabras, el Sr xxx ya hizo uso de GBP 10,000 de su derecho de realizar aportes a su fondo exentos de impuesto a las ganancias.


--------------------------------------------------
Note added at 21 hrs (2020-11-06 15:28:30 GMT)
--------------------------------------------------

Si el contexto dice que el Sr xxx pagó 10000 libras de su "allowance" a su fondo, es evidente que no es posible que el "allowance" sea lo que recibe el jubilado.

patinba
Argentina
Local time: 03:47
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 186
Login to enter a peer comment (or grade)




Reference comments


34 mins
Reference: past post-related terms

Reference information:
https://www.proz.com/personal-glossaries/entry/4463190-pensi...

Robert Copeland
United States
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 42
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search