Let $V$ be a complex vector space of infinite dimension and let $(\pi,V)$ be a representation of the $p$-adic group $G:=GL_2(\mathbb{Q}_p)$. From representation theory, we know that if the representation $(\pi,V)$ is both smooth and irreducible, then $(\pi,V)$ is admissible. So now it is natural to think about the inverse question.
Does there exist a representation $(\pi,V)$ of $G$ which is smooth and admissible but not irreducible?
This question is not difficult. You can find two smooth and irreducible representations $(\pi_1,V_1)$ and $(\pi_2,V_2)$ of $G$ and give the example $(\pi_1 \oplus \pi_2, V_1 \oplus V_2)$. Let $\pi=\pi_1 \oplus \pi_2$ and $V=V_1 \oplus V_2$, then $(\pi,V)$ is the representation we want for the question.
But if we change a little on the question, does there exist a representation $(\pi,V)$ of $G$ which is smooth, admissible and indecomposable but not irreducible? I have no idea on this question since the above example does not work in this case.