ATI 718Plus® is a γ′-strengthened nickel-based superalloy developed to substitute the widely used Alloy 718 in aero-engine applications. This newer superalloy is a candidate material for aero-engine turbine structures, with the requirement to withstand impact loading occurring at high strain rates during turbine blade out events. Furthermore, the understanding of the high strain rate response of ATI 718Plus® is important in optimising its machinability during cutting operations. To predict and model the behaviour of ATI 718Plus® during these events and in other dynamic impact applications, proper understanding of the high strain rate behaviour of the alloy is important, but not presently available. Therefore, in this work, the influence of microstructural condition and strain rates on dynamic impact behaviour of ATI 718Plus®, using a modified version of direct impact Hopkinson bar, is investigated. It is observed that the age-hardened alloy exhibits a significantly reduced strain hardening and strain rate hardening capabilities compared to the solution heat treated microstructure. Furthermore, microstructural examination of the deformed samples shows that the formation of adiabatic shear bands, which usually serve as damage nucleation site, is substantially suppressed in the solution heat treated microstructure, while the aged microstructure exhibits high propensity to form localised shear bands.