Yes but the AAP Supplements of about $2,000 a year is no longer paid after 6 weeks the AAP is forever and ever amen or a lady...period, faidinkum, ridgy didge, true blue.
My AAP in Australia is $27,000 from Centrelink like the other 2 million aged pensioners, I also take $12,000 from my allocated pension fund managed by a bank in Australia and I do have some cash in the bank for which I am paid 5.5% interest. All of it is untaxable and also so for the other 2 million aged pensioners in Australia.
If you read my original post, I tell you that AAP and superannuation are not taxable. in Aus. I pay no tax whatsoever. When a dividend is paid the dividend is part of the capital invested and the other half is likely dividends, so for a retirement fund the government does not take any tax. The AAP is only about $27,000, the threshold for AAP recipients if that is there only income is under $35,000 being the tax threshold. If you have other investments over the threshold all will be taxable. Perhaps 2 million Australians fall under the same condition, tax is not payable on my pension in Aus. But, perhaps is so in Thailand.
All these comments, clearly indicate that no one understands what Australians living long-term in Thailand or maybe what tax that will be...all speculation so far?
...It may well be that if my pension is free of taxation in Australia then the full amount I would be liable for in Thailand as the only tax is Thailand tax. So far nothing is really crystal clear and there are speculators galore on these sites. The USA and Australia have an agreement that you pay tax where you are domiciled in either USA or Australia. e.g. If you win the lotto in the USA, Americans do pay tax on gambling winnings if you are and American but if you are Australian you do not pay any tax...gambling winnings in Australia are tax-free unless you are a professional gambler. If an American wins the lotto in Australia that US taxpayer does pay US tax in their home country. If it was a $10,000.000 winnings tax maybe $3.000.000 for a US citizen back in the US would be payable.
If the funds are in the commercial area they will be taxed like any other income but if it is invested in a superannuation fund in Australia or in units spread across the AX 200 or Dow Jones, S&P 500 in the USA or other gilt-edged securities. or similar investments the tax by the Australian Govt is extracted before a dividend is paid It is free of any further tax. What you get now is tax-free. For low amounts of investments it may be better to be out of Superannuation but for wealthy people they may have to pay 47% in the dollar. I believe that occurs when your investment is over Aus $2 million dollars.