My parents are now on pension after long years of work and running their own company. Occasionally I have been asked how is my pension going to be because my career path involves already at this point more than one country. And I have said that I don't know for sure - I'd better check it out.

In each country some of my salary has been deducted for compulsory pension payments. However, I am skeptical how successfully those institutions manage that money and whether I am able to contact them when it is time for a pension. My solution for this has been to build my own pension funds somehow.

This has some drawbacks. In many countries payments or investments to pension funds are free from income tax. My own deposits to high interest bank accounts or similar are subject to both income tax and capital income tax in the worst case. Investing to stocks is more risky and would require some studies. At the moment I know just a little bit of Finnish stock market but I have no clue e.g. UK situation.

In every country there are several private pension funds but I haven't found truly international and trustworthy pension fund. I guess national legislations create way too many hurdles for such. So called offshore investment could be an option. I was contacted by such in Budapest but their sales pitch was pretty suspicious sounding so haven't given too many thoughts for that option.

Maybe the best plan would be to gather reasonable amount in couple different currencies and relocate then to some reasonable cheap country with pleasant climate and good health care to spend pension days.