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