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Profit, employment and pension income / earned income. Earned income consists of income chargeable under the Income Tax (Earnings and Pensions) Act 2003, such as pay, private and occupational pensions, retirement annuities, state retirement pensions and taxable social security income.
A. No. Generally speaking, a corporate pension or any other form of retirement income â interest from an investment account, for instance â won't affect Social Security benefits. The amount you get is determined by your income history, not by other retirement money you may have coming in.