Define: Unearned Income

UK Accounting Glossary

Definition: Unearned Income

What is the dictionary definition of Unearned Income?

Dictionary Definition

Unearned Income refers to income not derived from trades, vocations or professionals, or from the emoluments of office.

In the United Kingdom, it was formerly taxed more heavily than earned income through the imposition of an surcharge on investment-income.

Earned and unearned income are now taxed at essentially the same rate (with the exception of minor differences in the treatment of income from savings and company dividends).


Synonyms For Unearned Income

unearned revenue, unearned income other than pensions, income, revenue, rents

Unearned Income FAQ's

Cite Term

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Modern Language Association (MLA):
Unearned Income. Payroll & Accounting Heaven Ltd. January 21, 2020
Chicago Manual of Style (CMS):
Unearned Income. Payroll & Accounting Heaven Ltd. (accessed: January 21, 2020).
American Psychological Association (APA):
Unearned Income. Retrieved January 21, 2020, from website:

Definition Sources

Definitions for Unearned Income are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.