Neal is an expert in his profession and upholds a responsive and focused manner throughout all aspects of his work.
With over 22 years of experience in superannuation and tax advising, Neal is a Principal of the firm's Superannuation division, helping clients preserve what they have worked hard to create and to deliver the best structuring outcomes so that they can retain as much of their hard-earned wealth during their lifetime. He has substantial experience advising clients in the estate planning, superannuation, asset protection and tax industry.
Neal brings a wealth of knowledge to the Private Client sector, specialising in assisting other professionals with their clients' complex issues. He is known for his ability to develop innovative solutions for clients and delivering exceptional service.
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Qualifications
Community Involvement
Client Solutions
Public Offer Superannuation Fund
Tax Liability
Client problem
Undisclosed tax liability that potentially exposed fund to a large debt.
outcome achieved
After providing advice to the client confirming potential liability and that time had run out on the ATO's ability to recover the liability other than for evasion, Neal’s team made full disclosure to the ATO and received confirmation that the multi-million dollar liability was not recoverable.
Private Client
Superannuation
Client problem
The client's husband had withdrawn substantial benefits from the self-managed superannuation fund, leaving the client to a large potential exposure as trustee to tax for non-compliance.
outcome achieved
Neal approached the ATO on the basis that his client was making voluntary disclosure of the non-compliance, and as such, his client was not complicit in the breach. Despite the potential for Neal’s client to have been personally liable for the tax debt, the ATO agreed not to take action.
Private Client
Superannuation
Client problem
The client was a terminally ill member of a large superannuation fund whose terminal illness benefit was potentially exposed to payment to their estranged husband.
outcome achieved
Neal pointed out the potentially adverse consequences of the large superannuation fund's decision to pay a terminal illness benefit to Neal's client, as it would have left it exposed to a family law claim by the client's estranged spouse. A highly technical issue that prevented the fund from rolling over her benefit was also noted. The fund was arranged to reverse its decision so that a self-managed superannuation fund could be established and controlled by the client's brother to benefit her young children following her imminent death.
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"McInnes Wilson were extremely helpful and proactive in their communication, ensuring we were always fully informed."
