earnings threshold
nounUK /ˈɜːnɪŋz ˈθreʃhəʊld/
US /ˈɝnɪŋz ˈθreʃhoʊld/
The amount of money you can make before you have to pay tax or follow a special rule.
You only pay national insurance once your income goes above the earnings threshold.
RELATED WORDS
OTHER MEANINGS
2. The level of profit a company must reach before it qualifies for a benefit or must pay a levy.
Small firms below the earnings threshold are exempt from the new charge.
3. The minimum amount a person must earn to be included in a pension or benefit scheme.
Part-time workers under the earnings threshold were left out of the plan.
4. A set income point used to decide eligibility for a government payment.
Families above the earnings threshold receive a reduced child benefit.