Shadow Chancellor Rachel Reeves is surrounding herself with advisers who have publicly called for the elderly to pay more tax to HMRC if the Labour Party wins the next general election.
After working hard for decades, in theirchosen careers or building up a business, the aspiration for many people is tobe able to provide for the future by handing on some wealth to their family.
The nation's inheritance tax bills are set to hit a record high this financial year, but that isn't enough for HM Revenue & Customs. It's keen to drive receipts even higher, and tax filing errors could cost taxpayers dear.
Mr Hunt is said to be looking at scrapping inheritance tax and reducing the basic rate of income tax alongside threshold changes under plans for a 'gear change' ordered by the PM.
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Inheritance tax is a bill many people will want to avoid upon their death, as it could restrict the amount their loved ones may inherit and pass money to the taxman.
Helping her cover the cost of the increase is generous, but you need to make sure you do so in a way that doesn't hurt your retirement and makes the most of your tax allowances.