Australians' retirement nest-eggs are enjoying the fruits of a more stable global economy.
Contributions to superannuation in 2013/14 were the strongest since the 2008-2009 global financial crisis, at $95 billion.
According to Financial Services Council chief economist James Bond, and based on Australian Prudential Regulation Authority data, this was 7.4 per cent higher than the previous year.
He said a second year of double-digit returns, no negative changes to the superannuation framework and improved economic conditions in Europe and the US have converged to make a very strong year for contributions.
"We are now seeing the positive impact of stability and certainty in superannuation," he said.
The increase in compulsory superannuation contributions from nine to 9.25 per cent on July 1, 2013 has also impacted growth in the past 12 months.
The compulsory superannuation rate increased again on July 1, 2014 to 9.5 per cent.
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