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beslagvrije voet

English translation: protected earnings level / threshold


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:beslagvrije voet
English translation:protected earnings level / threshold
Entered by: Adam Smith
Options:
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21:24 Jun 20, 2006
Dutch to English translations [PRO]
Bus/Financial - Law (general)
Dutch term or phrase: beslagvrije voet
verder geen context, helaas
Robert Avak
Local time: 12:48
protected earnings level / threshold
Explanation:
This is much more commonly referred to as "protected earnings", rather than "attachment exempt", e.g.

"Protected Earnings Level

The level of protected earnings is the amount of the taxpayer’s earnings that must be available to the taxpayer after deduction of Court Orders. This will be specified in the order.

The protected level of earnings also applies to Student Loan deductions if

* There is also a priority Court Order in force against the borrower

And

* The Court Order specifies a protected level of earnings

In this case the total deductions, (Court Order(s) plus Student Loan deductions), must not reduce the net income below the protected level of earnings.

If there are several priority Court Orders against the same borrower it is possible that there will be more than one level of protected earnings. For calculating Student Loan deductions, use the most recent level of protected earnings."

ref. http://www.hmrc.gov.uk/manuals/cslmanual/Glossary/glo002110....
Selected response from:

Adam Smith
United Kingdom
Local time: 11:48
Grading comment
Thanks very much Adam, your explanation was more than adequate!
4 KudoZ points were awarded for this answer



Summary of answers provided
4protected earnings level / threshold
Adam Smith


Discussion entries: 1





  

Answers


1 day12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
protected earnings level / threshold


Explanation:
This is much more commonly referred to as "protected earnings", rather than "attachment exempt", e.g.

"Protected Earnings Level

The level of protected earnings is the amount of the taxpayer’s earnings that must be available to the taxpayer after deduction of Court Orders. This will be specified in the order.

The protected level of earnings also applies to Student Loan deductions if

* There is also a priority Court Order in force against the borrower

And

* The Court Order specifies a protected level of earnings

In this case the total deductions, (Court Order(s) plus Student Loan deductions), must not reduce the net income below the protected level of earnings.

If there are several priority Court Orders against the same borrower it is possible that there will be more than one level of protected earnings. For calculating Student Loan deductions, use the most recent level of protected earnings."

ref. http://www.hmrc.gov.uk/manuals/cslmanual/Glossary/glo002110....


Adam Smith
United Kingdom
Local time: 11:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 172
Grading comment
Thanks very much Adam, your explanation was more than adequate!
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