Other Transfers is a catch-all term for distributions of income that includes insurance claims, government contributions to international bodies and donations to charity.
This category include non-life insurance premiums and claims (for example, car insurance, house insurance). These premiums and claims are shown after the insurance company has taken its service charge: they are net premiums and net claims. The premiums and claims are large in themselves, but mostly, for an Institutional Sector as a whole (for instance, all households), the amount paid is matched by a similar amount received. This is because whoever pays the premium usually also receives a claim when it is paid. However, the payer of the premium will not always receive money from an insurance claim. In some cases for instance, the claim will be paid to a household when the premium has been paid by a corporation, for instance where there is a liability insurance claim. The overall effect of all the premiums and claims is just to take into account these claims that have been paid to one sector when the premium was paid by another sector.
Government contributions to international bodies include the EU contributions and contributions to the UN and other international bodies. The government also receives income from international bodies, for example under the European Social Fund.
Other Transfers also includes miscellaneous transfers, such as subscriptions to clubs, donations to charities, union dues, remittances of workers across borders to their families, overseas aid, parking fines and mortgage interest relief paid by government to households.
Other Transfers are part of Secondary Transfers, along with Social Transfers and income taxes. They are counted towards Gross Disposable Income.