Ep 483 - Trump trade 2.0, unwinding pre-Budget pension withdrawals & energy market update

In this week's podcast, Damien discusses the potential impact of Donald Trump's return to the presidency on investment markets. Next, Damien explains the implications for those who withdrew tax-free cash from their pensions ahead of the budget, focusing on the potential tax penalties they may face if they try to put the money back into their pensions before giving some alternative options for using the withdrawn funds. Lastly, Andy explains the changes to the energy price cap and advises listeners on whether now is a good time to fix their energy tariffs.

Watch the whole show on YouTube here: https://youtu.be/EvDEvxCY7b

00:00 - Introduction to Money to the Masses Episode 483 05:27 - The Trump Trade: Market Movements and Predictions 08:30 - Will Trump being president be a positive thing for investment markets? 14:15 - Which asset classes performed best during Trump's last presidency? 18:34 - Performance of Asset Classes During Trump's Presidency 23:50 - Pension Withdrawals and Tax-Free Cash Concerns 25:20 - Can you put tax-free cash withdrawals back into a pension? 26:10 - Pension recycling - Be mindful before adding cash back into a pension 29:04 - Energy Price Cap Update and should you fix?

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Resources:

Links referred to in the podcast:

• Take out a free trial with 80-20 Investor
• Ofgem raises energy price cap by £21 per year from January
• Should I fix my energy prices?
• What are the cheapest fixed price energy tariffs?