Income Tax Act 2007 section 36

Personal allowance for those born after 5 April 1938 but before 6 April 1948

Section 36 provides a higher personal allowance for individuals born between 6 April 1938 and 5 April 1948, and explains how that allowance is reduced when their income exceeds a specified threshold.

• Individuals born after 5 April 1938 but before 6 April 1948 are entitled to a higher personal allowance than the standard personal allowance available under section 35.
• If the individual's adjusted net income exceeds a specified threshold, the higher allowance is gradually reduced.
• The reduction cannot bring the allowance below the level of the standard personal allowance set out in section 35 — that amount acts as a floor.
• This provision was subsequently amended by the Finance Act 2012 and the Finance Act 2014.