The taxation of pension pots at death looks like it's in the crosshairs at the Budget now. Just a year ago the talk was all about whether the Conservatives would cut or even abolish inheritance tax. But the tables have turned on death duties in the last 12 months, and particularly since the General Election, as Downing Street has admitted the need for more tax rises.
Rachel Reeves is not short of encouragement from think-tanks, a couple of which are keen that IHT "loopholes" should be closed, or that wealthy families should be prevented from making the most of certain reliefs. The problem is, one person's loophole is another's legitimate relief - or in the case of some family businesses, another's lifeline.
The Institute for Fiscal Studies and Resolution Foundation have both weighed in with recommendations to restrict Business and Agricultural Property Reliefs, and to bring defined contribution pension pots into the calculation of estates for IHT purposes. These seem to be the two frontrunners among the various suggestions to tighten up IHT rules although charging capital gains on the valuation of assets at death could be a dark horse in any bid raise more money from the transfer of wealth.
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