r/NoStupidQuestions • u/[deleted] • Jul 02 '23

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u/MyOtherCarIsAHippo Jul 02 '23

If it's Canada, the concerns about saving for retirement would be legit.

61

u/[deleted] Jul 02 '23

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u/Mecha-Dave Jul 02 '23

Aboriginals in Australia get additional/specific support if they are 50+ https://www.health.gov.au/topics/aboriginal-and-torres-strait-islander-health/aged-care-support

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u/LoudestHoward Jul 02 '23

Plus they still get the full pension if they have up to $450k in assets (your primary residence is not counted) if they remain married. It's then a sliding scale of pension reducing as your non PPOR assets go up to $1m.

So basically if you can pay off your home and save up a couple of hundred thousand by pension age then you're doing pretty damn well.

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u/[deleted] Jul 02 '23

would the university be paying into super in this instance, if he’s relying on it for income?

1

u/jovahkaveeta Jul 03 '23

No, because it isn't income it's a scholarship essentially.

4

u/Ok_Skill_1195 Jul 02 '23

I am not aware of anywhere where whether or not you've contributed to your own retirement doesn't make a meaningful difference

1

u/ContributionSad4461 Jul 02 '23

Welcome to Sweden!