Podcast Ep 473 - Exploring the efficient frontier, pension recycling & money mule warning

In this week's episode Damien explains the concept of the 'efficient frontier' and how it can help investors build a portfolio with the highest possible returns for a given level of risk. Damien also talks about the potential tax implications of pension recycling, a way in which individuals reinvest their tax-free cash or pension income back into a pension scheme. Finally, Andy explains the dangers of becoming a money mule including the consequences of getting involved in financial crime and the steps you can take if you feel you've been targeted.

00:00 - Podcast episode 473
02:36 - Exploring the Efficient Frontier in Investing
13:40 - Understanding the Potential Tax Implications of Pension Recycling
21:45 - The Dangers of Becoming a Money Mule
29:22 - Follow us on all our socials

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[ianjohnson]

Hi Damien, I love your podcast and have learnt so much but this latest pod really spooked me when talking about pension recycling. I work in the NHS and have retired and returned allowing me to take my 1995 pension benefits but continue contributing to the newest 2015 scheme until I fully retire. I knew I can’t put my tax free lump sum into a SIPP but your comment that you can’t put pension income into a SIPP either freaked me out as I’ve been doing that. I checked the HMRC website and my goto NHS pension advice group and was assured I’m ok doing this. The other thing that spooked me was your comment regarding triggering MPAA as I’m in receipt of one of my pensions but still working. Apparently as the NHS pension is DB this doesn’t trigger the MPAA and I’m still good putting upto £60k into my combined current pensions. Just wanted to highlight the DB pension people. Assuming I’ve not misunderstood what you were saying 😂 Keep up the good work.

[Rubiks.busters]

Thanks for all your Advice .. I’ve done some of your suggested methods and am much better of now especially reducing my monthly outgoings, and income 👍😃