Earnings Cap definition

Earnings Cap means the maximum allowance from to time under Section 640A of the Income and Corporation Taxes Xxx 0000;

Earnings Cap means the amount that would have been the “permitted maximum” under section 590C of the Income and Corporation Taxes Act 1988 (earnings cap) if that section had not been repealed. This is £145,800 as at 6 April 2014 and increased on each subsequent 6 April by the percentage increase in the retail prices index (or such other index as the Trustee determines) for the 12 month period ending the previous September (rounded up to the nearest multiple of £600).

Earnings Cap means the limit set by the Company and the Trustee on the pay that counts towards calculating your benefits and contributions if your Pensionable Service started on or after 1 June 1989. The current Earnings Cap is £172,800 (2021/22 tax year).

Examples of Earnings Cap in a sentence

• The maximum LTD benefit amounts (effective June 1, 2010) follow: Predisability Earnings Cap Maximum Benefit Amount Prior to the start of the LTD insurance benefit, the City contributes to the eligible employee in the amount of 66 2/3 percent of the employee's base salary for the 41st through the 60th calendar days of the deductible period—that period defined as the first 60 consecutive calendar days that an employee is off work due to a nonoccupational-related disability, injury, or illness.

• Please note that each time the JWR changes, the Reportable Earnings Cap will also change.

• The monthly Reportable Earnings Cap is calculated by using the journeyman’s wage rate (JWR), as outlined in the appropriate collective bargaining agreement (CBA), multiplied by the hours specified in the CBA.

• An example of how to determine the Reportable Earnings Cap follows:JWR = $25.00 CBA Hours = 40 per weekThe monthly Reportable Earnings Cap is $4,333.00.

• The maximum LTD benefit amounts follow: Current Base Salary/Predisability Earnings Cap Maximum Benefit Amount $7,500 per Month $5,000 per Month Long-term disability insurance premiums are entirely paid by the City; therefore, moneys received under this program are reportable as income and are taxable.

More Definitions of Earnings Cap

Earnings Cap means the amount specified for the purposes of section 590C of the Taxes Act(13).

Earnings Cap means a cap on pensionable salary as determined each year by Barclays and which is currently £108,600 for the 2006/07 tax year.

Earnings Cap means the figure defined in section £590C of the Income and Corporation Taxes Act 1988 as subsequently uprated by Treasury orders. For 2002/2003 the " earnings cap" was £9 7,200.

Earnings Cap means, in relation to any year commencing 6 April or to any relevant date falling within that year, such amount as was specified for that year in or under section 590C of the Taxes Act.

Earnings Cap means such amount as the Principal Employer may decide from time to time and notify to the Trustee, being not less than the amount (if any) of the “permitted maximum” specified for the purposes of Section 590C of the Income and Corporation Taxes Act and in any event not less than the amount so specified immediately prior to 6 April 2006.

Earnings Cap means the "permitted maximum" under section 590C of the Taxes Act.

Earnings Cap means the amount specified for the purposes of Section 590C of the Income and Corporation Taxes Act 1988.