Hundreds of thousands of basic rate taxpayers will fall into the 40% income tax bracket when the government lowers the threshold next year.
Life insurance policies and annuity contracts will come under increased scrutiny from HM Revenue & Customs (HMRC) as it cracks down on income tax avoidance.
Pension tax relief, tax-free lump sums and the annual allowance remained unchanged in the Budget, much to the relief of the pensions industry.
The revised auto-enrolment implementation schedule will net the government £380m in reduced tax relief on pension contributions, according to budget documents.
Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set-up to access tax reliefs.
In a speech two minutes short of an hour, George Osborne at times sounded like a headmaster sending a young pupil out into the big wide world of work.
The Chancellor's full Budget statement said the UK recovery will be "particularly uneven" this year as the economy still faces three major threats.
It took Chancellor George Osborne just under an hour to deliver his third Budget speech. Here it is in full...