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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.
Wages and net earnings from self-employment are considered earned income, but lottery winnings are not earned income. As a result, your Social Security retirement benefit would not be affected, either now or in the future. However, there are other consequences.