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English translation: tax-free pay limit (UK:) remuneration-threshold tax allowance

13:19 Mar 25, 2023
Hebrew to English translations [PRO]
Law/Patents - Accounting
Hebrew term or phrase: תגמול על תקרה
שלום! אולי למישהו יש מושג מה זה? בתלוש משכורת בחלק של שווי הטבות למס
Victor Kalinkovitsky
Russian Federation
Local time: 02:49
English translation:tax-free pay limit (UK:) remuneration-threshold tax allowance
Explanation:
A reward 'ceiling' is viewed as a tax allowance or - in UK inheritance tax: a nil-rate tax band that is a 'zero mulitplier' to trigger other benefits - and beyond which tax is payable.

IMO not strictly a 'tax exemption' in the US sense of exemption goods, land & buildings.

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Note added at 6 hrs (2023-03-25 20:08:20 GMT)
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- > remuneration threshold (for the Israeli personal tax allowance) https://www.gov.uk/guidance/rates-and-thresholds-for-employe... -> 'The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on.'

The other answer 'modelled' - on my own one changes - the emphasis to the taxable overshoot above the 'reward ceiling'. So it also depends on the figure that comes after the entry. Unlike Israelis, I am not very good at counting.
Selected response from:

Adrian MM.
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3Remuneration above the threshold
Arthur Livingstone
2tax-free pay limit (UK:) remuneration-threshold tax allowance
Adrian MM.


  

Answers


5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Remuneration above the threshold


Explanation:
See the search results on Google.


    https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi_j-qF2_f9AhVRC-wKHRT8AxUQFnoECA8QAQ&url=https%3A%2
Arthur Livingstone
Israel
Local time: 02:49
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 36
Notes to answerer
Asker: Hello! This link isn't working. Can you provide working link please?

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26 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
tax-free pay limit (UK:) remuneration-threshold tax allowance


Explanation:
A reward 'ceiling' is viewed as a tax allowance or - in UK inheritance tax: a nil-rate tax band that is a 'zero mulitplier' to trigger other benefits - and beyond which tax is payable.

IMO not strictly a 'tax exemption' in the US sense of exemption goods, land & buildings.

--------------------------------------------------
Note added at 6 hrs (2023-03-25 20:08:20 GMT)
--------------------------------------------------

- > remuneration threshold (for the Israeli personal tax allowance) https://www.gov.uk/guidance/rates-and-thresholds-for-employe... -> 'The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on.'

The other answer 'modelled' - on my own one changes - the emphasis to the taxable overshoot above the 'reward ceiling'. So it also depends on the figure that comes after the entry. Unlike Israelis, I am not very good at counting.

Example sentence(s):
  • There is a tax-free ceiling set at 15,712 Shekel which is annually updated.

    Reference: http://www.proz.com/personal-glossaries/entry/4686310-thresh...
    Reference: http://www.papayaglobal.com/countrypedia/country/israel/
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Notes to answerer
Asker: Thank you very much! So what is the exact translation for this phrase: תגמול על תקרה

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