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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.
1 So, your income for VA pension purposes is now $9,948 ($10,855 - $907). 2  Your VA pension would then be $13,855 (maximum rate for a veteran with a spouse) minus $9,948 (total family income after deducting unreimbursed medical expenses), or $3,907 for that year.our yearly family income must be less than the amount set by Congress to qualify for the Veterans Pension benefit. If eligible, your pension benefit is the difference between your âcountableâ income and the annual pension limit set by Congress. VA generally pays this difference in 12 equal monthly payments.