Glossary entry (derived from question below)
Dutch term or phrase:
fiscale ruimte
English translation:
scope for pension tax relief
Added to glossary by
Willemina Hagenauw
Mar 16, 2004 14:05
20 yrs ago
6 viewers *
Dutch term
30+ years experience - accurate and fast
Native in: Dutch 
Works in: English to Dutch, Dutch to English, Flemish to English
fiscale ruimte
Dutch to English
Other
Social Science, Sociology, Ethics, etc.
social security/pensions
Of u het nodige spaarkapitaal bij elkaar kunt sparen, is afhankelijk an de fiscale ruimte die u hebt en het rendement dat over het spaarkapitaal gemaakt gaat worden.
Dit gaat over een spaarregeling waarmee men een pensioen bij vervroegde pensionering kan aanvullen.
Dit gaat over een spaarregeling waarmee men een pensioen bij vervroegde pensionering kan aanvullen.
Proposed translations
(English)
| 4 +1 | pension tax break |
jarry (X)
|
| 4 +5 | your specific tax situation |
Chris Hopley
|
| 4 | Tax allowance / threshold |
Adam Smith
|
| 4 | tax window |
Deborah do Carmo
|
Votes to reclassify question as PRO/non-PRO:
Non-PRO (1): Deborah do Carmo
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Proposed translations
+1
2 hrs
Selected
pension tax break
http://news.bbc.co.uk/1/hi/uk_politics/2343805.stm
Pension tax break 'under threat'
Gordon Brown wants more to pay into pensions
Senior ministers are reportedly considering scrapping tax relief for better-off people's pension payments.
A number of Sunday newspapers suggest that the Treasury has floated the idea of ending the 40% tax relief on pension payments for higher-rate tax payers.
At present payments into pension funds are tax-free - which means the state effectively contributes 22p for every 78p invested by a standard rate taxpayer, and 40p for every 60p invested by a higher rate taxpayer.
http://www.uvt.nl/personeel/keuzemodel/doelen/pensioen.html
Aanvraagprocedure deelname ABP Extra Pensioen vanuit bruto salaris
U berekent eerst uw fiscale ruimte met de ABP Pensioenmeter, te vinden op www.abp.nl in de rubriek ABP Extra Pensioen. U stelt binnen deze ruimte de gewenste maandelijkse inleg vast.
U vult vervolgens het aanvraagformulier ABP Extra Pensioen in, dat u kunt vinden op www.abp.nl.
U levert het aanvraagformulier met een print van de berekende fiscale ruimte plus een kopie van uw pensioenoverzicht rechtstreeks in bij één van de medewerkers van de salarisadministratie (DEA/PIA).
De salarisadministratie zorgt vervolgens voor de inhouding en afdracht aan ABP. Let wel: u kunt niet met terugwerkende kracht inleggen voor ABP Extra Pensioen.
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Note added at 2004-03-16 16:54:52 (GMT)
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2003/...
The pension tax break Labour wants to kill
The Government\'s Green Paper was highly critical of so-called self-invested personal pensions. Teresa Hunter explains what they are.
The Government\'s Green Paper on pensions could bring down the curtain on tax breaks relied on by company directors to keep their firms afloat as they plan for their retirement.
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Note added at 2004-03-16 18:47:21 (GMT)
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http://www.findarticles.com/cf_dls/m0LFR/2003_Jan_27/9705089...
A high earner could lose as much as GBP154,264 in tax relief if they miss Friday\'s carry-back pensions tax break deadline.
Individuals taking advantage of the current tax breaks could benefit from a considerable uplift in their pension fund if they use this last chance to use their 2001-2002 contribution allowance.
A man aged 65 who was earning above the earnings cap last year and made no pension contribution could contribute as much as GBP38,169 and claim relief worth up to GBP154,264 at 40% tax.
Colin Maloney, Jupiter\'s unitised pensions development director, commented: \"Whilst carry-forward was abolished last January, the valuable carry-back tax break remains intact, allowing payments made this year to be treated as though they were made last tax year. So it makes sense for people to check now whether they could benefit - before it\'s too late.\"
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Note added at 2004-03-16 18:49:20 (GMT)
--------------------------------------------------
Pension contribution tax relief / incentive, could be an option.
--------------------------------------------------
Note added at 2004-03-16 18:55:47 (GMT)
--------------------------------------------------
Scope for pension tax relief seems to me the best solution.
--------------------------------------------------
Note added at 2004-03-16 19:13:37 (GMT)
--------------------------------------------------
http://216.239.59.104/search?q=cache:Udy2Lp969aoJ:www.civils...
Added years are a way of boosting your retirement income. You buy a specific number of added years which will increase the service on which your pension is based.
Can I buy added years? Yes provided you have enough SCOPE to do so under the Inland Revenue limits.
The Inland Revenue limits you to paying no more than 15% of your gross earnings during the tax year towards your future pension benefits. As a classic member, you already contribute 1.5% of your salary towards a widow’s/widower’spension. If you are contributing to the CSAVCS or a FSAVC arrangement, or have retained benefits from a previous pension scheme, then your SCOPE will reduce further.
Pension tax break 'under threat'
Gordon Brown wants more to pay into pensions
Senior ministers are reportedly considering scrapping tax relief for better-off people's pension payments.
A number of Sunday newspapers suggest that the Treasury has floated the idea of ending the 40% tax relief on pension payments for higher-rate tax payers.
At present payments into pension funds are tax-free - which means the state effectively contributes 22p for every 78p invested by a standard rate taxpayer, and 40p for every 60p invested by a higher rate taxpayer.
http://www.uvt.nl/personeel/keuzemodel/doelen/pensioen.html
Aanvraagprocedure deelname ABP Extra Pensioen vanuit bruto salaris
U berekent eerst uw fiscale ruimte met de ABP Pensioenmeter, te vinden op www.abp.nl in de rubriek ABP Extra Pensioen. U stelt binnen deze ruimte de gewenste maandelijkse inleg vast.
U vult vervolgens het aanvraagformulier ABP Extra Pensioen in, dat u kunt vinden op www.abp.nl.
U levert het aanvraagformulier met een print van de berekende fiscale ruimte plus een kopie van uw pensioenoverzicht rechtstreeks in bij één van de medewerkers van de salarisadministratie (DEA/PIA).
De salarisadministratie zorgt vervolgens voor de inhouding en afdracht aan ABP. Let wel: u kunt niet met terugwerkende kracht inleggen voor ABP Extra Pensioen.
--------------------------------------------------
Note added at 2004-03-16 16:54:52 (GMT)
--------------------------------------------------
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2003/...
The pension tax break Labour wants to kill
The Government\'s Green Paper was highly critical of so-called self-invested personal pensions. Teresa Hunter explains what they are.
The Government\'s Green Paper on pensions could bring down the curtain on tax breaks relied on by company directors to keep their firms afloat as they plan for their retirement.
--------------------------------------------------
Note added at 2004-03-16 18:47:21 (GMT)
--------------------------------------------------
http://www.findarticles.com/cf_dls/m0LFR/2003_Jan_27/9705089...
A high earner could lose as much as GBP154,264 in tax relief if they miss Friday\'s carry-back pensions tax break deadline.
Individuals taking advantage of the current tax breaks could benefit from a considerable uplift in their pension fund if they use this last chance to use their 2001-2002 contribution allowance.
A man aged 65 who was earning above the earnings cap last year and made no pension contribution could contribute as much as GBP38,169 and claim relief worth up to GBP154,264 at 40% tax.
Colin Maloney, Jupiter\'s unitised pensions development director, commented: \"Whilst carry-forward was abolished last January, the valuable carry-back tax break remains intact, allowing payments made this year to be treated as though they were made last tax year. So it makes sense for people to check now whether they could benefit - before it\'s too late.\"
--------------------------------------------------
Note added at 2004-03-16 18:49:20 (GMT)
--------------------------------------------------
Pension contribution tax relief / incentive, could be an option.
--------------------------------------------------
Note added at 2004-03-16 18:55:47 (GMT)
--------------------------------------------------
Scope for pension tax relief seems to me the best solution.
--------------------------------------------------
Note added at 2004-03-16 19:13:37 (GMT)
--------------------------------------------------
http://216.239.59.104/search?q=cache:Udy2Lp969aoJ:www.civils...
Added years are a way of boosting your retirement income. You buy a specific number of added years which will increase the service on which your pension is based.
Can I buy added years? Yes provided you have enough SCOPE to do so under the Inland Revenue limits.
The Inland Revenue limits you to paying no more than 15% of your gross earnings during the tax year towards your future pension benefits. As a classic member, you already contribute 1.5% of your salary towards a widow’s/widower’spension. If you are contributing to the CSAVCS or a FSAVC arrangement, or have retained benefits from a previous pension scheme, then your SCOPE will reduce further.
4 KudoZ points awarded for this answer.
Comment: "Thanks! I went for your Scope for pension tax relief, which I found perfect for my context!"
+5
5 mins
Chris Hopley
Netherlands
Netherlands
Native in English
Netherlands
Dutch & German to English
Native in: English (Variants: Canadian, New Zealand, British, UK, Irish, US, Australian)
Works in: German to English, Dutch to English, Flemish to English, and 1 more.
Related KudoZ points
:
16
your specific tax situation
You may be using up your 'fiscale ruimte' on other tax-sensitive products (e.g. mortgage interest relief, certain investments, etc.), or you may only have a limited 'fiscale ruimte' because you are in a low tax band (so the gains are proportionally smaller).
Peer comment(s):
| agree |
Jacqueline van der Spek
0 min
|
| agree |
Kate Hudson (X)
31 mins
|
| agree |
Saskia Steur (X)
: exactly!
1 hr
|
| agree |
Mirjam Bonne-Nollen
1 hr
|
| agree |
Maria van der Heijde-Zomerdijk (X)
2 hrs
|
| neutral |
jarry (X)
: "Fiscale ruimte" in my opinion refers to the amount of additional pension one can buy that still qualifies for tax relief. See my answer and references below.
2 hrs
|
|
'fiscale ruimte' relates to the scope for creating a gain from the prevailing tax regime in respect of any financial product, e.g. loans, life insurance, mortgages and pensions.
|
|
| neutral |
Deborah do Carmo
: this is a valid explanation but I believe there may be an actual translation more directly on point - see my comments, thanks
3 hrs
|
12 mins
Adam Smith
United Kingdom
United Kingdom
Native in English
United Kingdom
Medical & legal expertise
Native in: English 
Works in: Dutch to English, Flemish to English, Afrikaans to English, and 1 more.
Related KudoZ points
:
8
Tax allowance / threshold
The UK equivalent of this may be the notion of a "tax allowance" and "tax threshold", e.g.
" * These figures assume that the husband claims all the married couple's allowance and that total income is £18,300 or less.
* All figures are rounded to the nearest pound below.
It is important to know your tax threshold. Couples where the husband pays tax but the wife does not should consider moving savings from the husband's name to the wife's name so that the income becomes hers and escapes tax. The wife should try to bring her income up to her tax threshold but no further. "
see ref. http://www.helptheaged.org.uk/AdviceInfo/InfoPoint/_checkyou...
" * These figures assume that the husband claims all the married couple's allowance and that total income is £18,300 or less.
* All figures are rounded to the nearest pound below.
It is important to know your tax threshold. Couples where the husband pays tax but the wife does not should consider moving savings from the husband's name to the wife's name so that the income becomes hers and escapes tax. The wife should try to bring her income up to her tax threshold but no further. "
see ref. http://www.helptheaged.org.uk/AdviceInfo/InfoPoint/_checkyou...
Peer comment(s):
| neutral |
Deborah do Carmo
: Here we are talking about the gap one enjoys before reaching one's threshold, as the point of liability
3 hrs
|
3 hrs
Deborah do Carmo
Portugal
Portugal
Native in English
Portugal
Lawyer-Linguist
Native in: English (Variant: UK)
Works in: Dutch to English, Flemish to English, English
Related KudoZ points
:
4
tax window
I initially liked the option of tax break but this in the States is actually a synonym for tax benefit
See definition of tax break: tax break, n : a tax deduction that is granted in order to encourage a particular type of commercial activity [syn: tax benefit]
.....whereas here we are talking about the "gap" a person has to invest in his pension fund BEFORE he reaches his threshold. Tax gap also has a different negative meaning and is thus not suitable.
I believe "specific tax situation" is explanatory but not directly on point so I am neutral to that too.
The term Ii am suggesting enjoys use and ties up well with the idea of "ruimte"
e.g. The separate window would also ensure that there is a dedicated window for long-term savings. At the moment, the gamut of short and long term funds are mixed up with savers being permitted to save upto Rs 60,000 in long and short tenure tax rebate instruments including insurance, provident fund, small savings and infrastructure instruments, apart from Rs 20,000 dedicated to infrastructure investments under section 88.
Government officials feel there’s a lot of confusion in terms of structure with long and short tenure monies vying for the same window. The separation of the windows is expected to separate the tax rebate schemes, thereby correcting the structure as well as giving an impetus to the savings rate. The Economic Times Online
Printed from economictimes.indiatimes.com >Tax Centre
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Note added at 3 hrs 35 mins (2004-03-16 17:41:03 GMT)
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alternatively you can use: \"tax rebate window\"
See definition of tax break: tax break, n : a tax deduction that is granted in order to encourage a particular type of commercial activity [syn: tax benefit]
.....whereas here we are talking about the "gap" a person has to invest in his pension fund BEFORE he reaches his threshold. Tax gap also has a different negative meaning and is thus not suitable.
I believe "specific tax situation" is explanatory but not directly on point so I am neutral to that too.
The term Ii am suggesting enjoys use and ties up well with the idea of "ruimte"
e.g. The separate window would also ensure that there is a dedicated window for long-term savings. At the moment, the gamut of short and long term funds are mixed up with savers being permitted to save upto Rs 60,000 in long and short tenure tax rebate instruments including insurance, provident fund, small savings and infrastructure instruments, apart from Rs 20,000 dedicated to infrastructure investments under section 88.
Government officials feel there’s a lot of confusion in terms of structure with long and short tenure monies vying for the same window. The separation of the windows is expected to separate the tax rebate schemes, thereby correcting the structure as well as giving an impetus to the savings rate. The Economic Times Online
Printed from economictimes.indiatimes.com >Tax Centre
--------------------------------------------------
Note added at 3 hrs 35 mins (2004-03-16 17:41:03 GMT)
--------------------------------------------------
alternatively you can use: \"tax rebate window\"
Reference:
Peer comment(s):
| neutral |
jarry (X)
: Window makes me think of opportunity, rather than scope ("ruimte").
1 hr
|
|
yes because of the common phrase : window of opportunity, but that is exactly what this is - an opportunity (not in the negative sense of tax evasion ) but in the sense of legal tax avoidance - it is room to move in and plan - as per the Dutch
|
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