Felipe Araujo from Generation Life highlighted that 84% of retirees lack understanding of the proposed super tax’s impact on their investments and retirement plans. His research indicates only 16% of pre-retirees feel confident about their retirement strategies. Araujo emphasized the cost barrier to financial advice and the need for professional guidance to navigate potential tax implications. He believes the Div 296 tax may drive more individuals to seek advice for estate planning and investment options. Investment bonds, once traditional, are gaining attention as a viable option for intergenerational wealth transfer amidst changing superannuation legislation.