The 146-page Budget document, together with supporting materials and prefaced by a 103-minute speech, explained the government’s drive towards making this a forward-looking Budget for a forward-looking economy.

To do this, Mr Osborne unveiled a series of tax reliefs and measures designed to help younger people and lower earners save more for the long-term, while not carrying out the expected heavy, swingeing cuts to pensions taxation.

As Colin Richardson, client director, for trustee firm PTL, points out: “For now, we have been given a stay of execution on anything radical happening to pensions tax relief, salary sacrifice or national insurance contributions.”

We did not have the anticipated Pension Isa. Instead we saw the introduction of the Lifetime Isa, which will help those under 40 save for a deposit on a home or for retirement.

But at the other end of the age spectrum Mr Osborne’s Budget was quiet, despite the power of the grey vote, and this may come back to bite him on 23 June when the UK votes on its membership of the European Union.

For example, there was a striking lack of mention of the challenges facing long-term care provision in the UK.

No reference was made to how the government would commit to helping to ensure the UK’s demographic shift towards ever-higher numbers of retirees would be met by considered long-term financial support.

According to Bob Campion, chairman of the Later Life Academy, this has been a glaring omission: “Care provision and funding are under great strain at present; therefore it would be a major step forward to hear proposals which can help ease the stress incurred by those who need care and their families.”

However, this guide aims to highlight the major and minor announcements that were made in the Budget, across pensions, insurance, investment, mortgages and taxation, explaining how these might affect you and your clients.

Supporting information provided by: Jason Hollands, managing director for marketing and communications for Tilney Bestinvest; Rajiv Vadgama, tax director for RSM UK; Sue Moore, technical manager, private client, tax faculty for the Institute of Chartered Accountants in England and Wales; Phil Brown, head of transformation and policy for LV=; Lee Clark, chartered financial planner for Brewin Dolphin; and Paul Reed, director of Vita.

Other contributors include: Richard Stone, chief executive of The Share Centre; Brian Murphy, head of lending at the Mortgage Advice Bureau; Bob Campion, chairman of the Later Life Academy; John O’Roarke, managing director of LV= General Insurance; Adrian Boulding, retirement strategy director for Dunstan Thomas; David Harrison, managing partner of True Potential Investor; David Smith, director of financial planning for Tilney Bestinvest; Brian Murphy, head of the Mortgage Advice Bureau; Stuart Bennett, a director of Southport-based online business insurance firm Quote Dave; Andrew Watters, senior tax partner at Thomas Eggar; Philip Rhoden, director of discount broker and EIS and VCT distributor Clubfinance; Philip Smith, director at PWC; Sonel Mehta, head of actuarial resourcing for Equiniti Hazell Carr; and Karen Bolan, head of engagement at AHC.

simoney.kyriakou@ft.com