Buying UK shares could help investors worried about retirement boost their wealth and establish a sizable nest egg. Zaven Boyrazian explains how. The post No savings? Drip-feed £500 a month into UK shares and aim to retire in comfort appeared first on The Motley Fool UK.
It has been a week since Chancellor Jeremy Hunt announced he would be abolishing the lifetime cap on tax-free pension savings – and the Tories are wasting no time in making it happen. On Tuesday the motion was passed in the House of Commons, meaning from April 6, workers will be able to save as much as they want in their pension without incurring hefty tax charges. Labour voted overwhelmingly against and pledged to reinstate the savings cap, known as the "lifetime allowance", if the party wins t