Define: Unearned Income

UK Accounting Glossary

Definition: Unearned Income


Quick Summary of 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).


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https://payrollheaven.com/define/unearned-income/
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Unearned Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/unearned-income/.
Chicago Manual of Style (CMS):
Unearned Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/unearned-income/ (accessed: September 17, 2019).
American Psychological Association (APA):
Unearned Income. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/unearned-income/

Definition Sources


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