loon svw
English translation: Social security wage
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 02:14 Dec 9, 2004 |
| Dutch to English translations [PRO] Bus/Financial - Accounting | ||||
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|  Selected response from: jarry (X) South Africa Local time: 00:12 | |||
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| Summary of answers provided | ||||
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| 4 +4 | Social security wage |
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| 5 | employee social insurance |
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Answers
3 hrs confidence: 
employee social insurance Explanation: This is one stage in the deductions from the gross pay. Loon SVW is the “basis for employee insurance contributions”: http://www.talent4europe.com/Netherlands/paystatement.htm It stands for "Sociale verzekering werknemers". This is what is left after the deductions for retirement, pre-tax savings arrangement, and social security: see p. 10 of http://www.salarisinfostartpagina.nl/pdf/brochures/loonstroo... Onbelast svw would be the SVW earnings before eventual addition of taxed/taxable compensations. See “SVW” on p. 11 , of http://www.salarisinfostartpagina.nl/pdf/brochures/loonstroo... |
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5 hrs confidence: 
peer agreement (net): +4
peer agreement (net): +4Social security wage Explanation: By analogy with 'taxable' wage. In other words this is the part of the wage that is subject to social security premiums. While ransano's explanation of "svw" is correct, he omits the word "loon" in his explanation. "Onbelast svw" on the other hand will be the part of the wage not subject to social security premiums. |
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