I often wondered how this was pan out in my case.
I took redundancy, after 26 years. So a substantial payout. I don't expect to work again.
I wish to put off touching my pension as long as possible; so no 'income'.
I am living off savings.
In the event of a court case, how would my 'income' be calculated? By the amount of money I have taken from my savings in the last year?
Whilst it may not be unfair if, ahem, I was given a minimum fine, presumably there are others in the world with no formal 'income' but millions in the bank.