If you older the tax free threshold is higher than $18,200, you also need to look at SAPTO .
https://www.superguide.com.au/smsfs/no-tax-retirement-sapto
https://smsfcoach.com.au/2012/07/05/merging-of-pensioner-tax-offset-and-senior-australians-tax-offset-to-new-seniors-and-pensioners-tax-offset-sapto/
Essentially the answer to your question is yes if you don't have any other taxable income.
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