Introduction Details of the Section
2.Subsection (2) sets the amount of the personal allowance for those born after 5 April 1938 at £10,600.
3.Subsection (3) makes an amendment to the indexation provisions on the omission of the personal allowance for those born after 5 April 1938 but before 6 April 1948 with effect from 2015-16.
4.Subsection (4) sets the amount of the transferable tax allowance for married couples and civil partners at £1,060
5.Subsection (5) provides that the amendments made by subsections (3) and (4) have effect for the 2015-16 tax year and subsequent tax years.