Army Pension - Consent Order - Easy Split?

Hi

So me and ex have decided that I won't "go after his pension" but he will split his lump sum 50/50 on his retirement from Army in 2020.

He's asked for a statement so we can see the amount that the gratuity is going to be and then plan to raise an Consent Order to ensure he does pay up the 50% in 2020.

Is this easy to do? Has anyone else done this? I do plan to get some IFA advice when I get the pension statement just to double check but I need the cash sooner rather than later and don't want to wait until I am 55 for a pension sharing order.

Thanks
Lexie x

What happens if he chooses not to take the lump sum? The court cannot order him to take the lump sum but there are orders that can be made to give the same effect.

What happens if he dies before 2020?

There are pitfalls that you should take advice upon to ensure you don't end up with a worthless piece of paper.

Charles

Very true!

guess need to hope he won't die! Not much else I can do, unless I go down the sharing route but don't want that!

I could ask that until 2020 he keeps his life insurance payable to me? That means nice lump sum if he was to go, better than nothing. Maybe we both need to do wills and disclose.

I also need something written in to say he will commute as much as possbile of his pension to get the bigger lump sum.

any knowledge of consent orders, is this possible?
Any experience of the CETV Statement? Does it even show the lump sum amount?

thanks

I am pretty sure his lump sum will be 3 * his yearly pension after reduction for commutation plus additional sum due to commutation.

He should have received some figures from Armed forces Pension scheme so should know exactly what he will be getting and what his options are. I know I did.

Does the CETV statement show you exactly what the lump sum will be, assuming full commuting? Doing a consent order to say that ex will pay £xyw on retirement but need this figure.
Statement is on way but panicking this isn't going to be simple! x