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<p>It is not possible to assess the financial impact at an individual level as it
is highly dependent on a variety of characteristics. The financial impact on a small
number of hypothetical cases was modelled for the 2011 Pensions Act Impact Assessment:</p><p><a
href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p><p>
</p><p>The gender impact assessment in annex A shows that, while some aspects of the
Pensions Act 2011 provisions will impact women more strongly than men, the impact
is not disproportionate and is a consequence of closing the gender gap in State Pension
age earlier than under the previous legislation.</p><p> </p><p>Our analysis also shows
that the average woman reaching State Pension age last year (2015) gets a higher state
pension income over her lifetime than an average woman who reached State Pension age
at any point before her – despite the equalisation of State Pension age. Also, over
a lifetime, the average woman who reached State Pension age last year will receive
more than the average man. This is consistent with the trend going forward.</p><p>
</p><p>Further information on the impacts of the new State Pension can be found at:</p><p><a
href="https://www.gov.uk/government/publications/new-state-pension-impact-on-an-individuals-pension-entitlement-longer-term-effects"
target="_blank">https://www.gov.uk/government/publications/new-state-pension-impact-on-an-individuals-pension-entitlement-longer-term-effects</a></p>
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