@Robert *********
So is it one OR the other, or is it both? (I had assumed it was both, though I could be wrong.) Similar question for the marriage visa, which has lower income and savings thresholds, and which (unlike the retirement visa) reportedly allows the visa holder to work as long as proper Work Permits are obtained (and though that is of course not sufficient reason to get married, I am still interested in gaining additional clarity ["for a friend," of course].