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KudoZ home » Italian to English » Human Resources

sovracontribuzione

English translation: contributions in excess of those allowed

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:sovracontribuzione
English translation:contributions in excess of those allowed
Entered by: Michael Tovbin
Options:
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15:50 Sep 21, 2007
Italian to English translations [PRO]
Law/Patents - Human Resources / pensions
Italian term or phrase: sovracontribuzione
am I right in thinking this means "extra contributions"?
It's in an article about the Italian pensions reform which mentions "l'azzeramento della sovracontribuzione degli straordinari" .
cathsal
Italy
Local time: 16:15
contributions in excess of those allowed
Explanation:
overcontribute

Normally, you are allowed to contribute a certain percentage of your income to a pension plan tax free. The rest (overcontributions) are taxable.
Selected response from:

Michael Tovbin
United States
Local time: 09:15
Grading comment
thanks very much Michael!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1contributions in excess of those allowed
Michael Tovbin


  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
contributions in excess of those allowed


Explanation:
overcontribute

Normally, you are allowed to contribute a certain percentage of your income to a pension plan tax free. The rest (overcontributions) are taxable.

Michael Tovbin
United States
Local time: 09:15
Works in field
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 8
Grading comment
thanks very much Michael!

Peer comments on this answer (and responses from the answerer)
agree  potra: Yes
1 hr
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Changes made by editors
Sep 21, 2007 - Changes made by Michael Tovbin:
Created KOG entryKudoZ term » KOG term


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