My wife and I are considering living abroad in either Vietnam or Cambodia, for a period of anywhere from a few months to a couple of years.
Am I permitted to do this with an ongoing SMSF?
A: Potentially yes, but you are going to need to be very careful.
I have attached the link to the ATO website that explains this – https://www.ato.gov.au/super/self-managed-super-funds/setting-up/check-your-fund-is-an-australian-super-fund/#Fundresidencyconditions.
You want to avoid your SMSF being classified as not an Australian super fund, so if this is likely to happen, you will want to roll your monies into another fund.
You may need to get professional advice.
You can also look at TR2008/09 – http://law.ato.gov.au/atolaw/view.htm?DocID=TXR/TR20089/NAT/ATO/00001&PiT=99991231235958.
Regards
