Meaning of “earned income”
This section has no associated Explanatory Memorandum
51. “Earned income” means—
(a)the remuneration or profits derived from—
(i)employment under a contract of service or in an office, including elective office,
(ii)a trade, profession or vocation, or
(iii)any other paid work; or
(b)any income treated as earned income in accordance with this Chapter.