Section 37 — Income Tax Act 2007: Personal allowance for those born before 6 April 1938

Personal allowance for those born before 6 April 1938 37 1 An individual who makes a claim is entitled to a personal allowance of £10,660, or (if greater) the section 35 amount, for a tax year if the individual—

a was born before 6 April 1938, and b meets the requirements of section 56 (residence etc ).

2 If the allowance under subsection (1) is greater than the section 35 amount, for an individual whose adjusted net income for the tax year exceeds £27,700 , the allowance under subsection (1)—

a is reduced by an amount equal to half of that excess income , but b is not reduced below the section 35 amount . 2A In this section “ the section 35 amount ” means the amount of any allowance to which the individual would be entitled under section 35 for the tax year if the individual had been born after 5 April 1948.

3 For the meaning of “adjusted net income” see section 58.