The numbers you need . . .
... is what the government will save over the next decade from the superannuation reforms announced last week. The savings to the budget bottom line come from two measures. There will be a higher contribution tax for those earning more than $300,000 a year and retirees will pay tax on earnings in their super fund over $100,000 a year.
48 per cent
... is how much JB Hi-Fi's shares have risen this year, making the music retailer 2013's best performer on the ASX 200. The shares, which were as low as $7.92 in June 2012, have almost doubled since, hitting $15.30 last week.
£154,000
... is the bargain price retired London policewoman Sue Diamond paid (via a telephone auction) for a six-bedroom 1930s house in 2010. The vendor - a builder - warned her that the house, which sat on a cliff above the English resort of Torquay, was unsound but Diamond was set on it. Last week the cliff collapsed, taking the house, and Diamond's investment - about $246,000 - into the sea below.
Frequently Asked Questions about this Article…
The article says the reforms will save the government about $10 billion over the next decade and come from two measures: a higher contributions tax for people earning more than $300,000 a year, and a tax on earnings inside retirees' super funds that exceed $100,000 a year.
According to the article, people with annual earnings above $300,000 will face a higher contributions tax as part of the announced superannuation reforms.
Yes. The article reports that retirees will pay tax on earnings in their super fund that are over $100,000 a year under the new measures.
The article states the government will save approximately $10 billion over the next decade as a result of the two superannuation measures described.
The article notes JB Hi‑Fi's shares have risen 48% this year, making the retailer the ASX 200's best performer for 2013, with the share price up from a low of $7.92 in June 2012 to about $15.30 last week.
The article highlights JB Hi‑Fi's strong recent performance—a 48% rise and top spot on the ASX 200 for 2013—but it does not provide reasons or investment advice. It’s presented as a factual update on share performance.
The article describes how retired policewoman Sue Diamond bought a six‑bedroom 1930s house at telephone auction in 2010 for £154,000. The vendor warned the house was unsound; last week a cliff collapsed, taking the house and Diamond’s investment—about $246,000—into the sea.
The article uses the cliff collapse as a cautionary example that coastal and structurally compromised properties can carry significant physical and financial risk. It underscores the importance of being aware of structural warnings and location‑specific risks (for example, cliff erosion) when buying property, especially at auction.
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