On average, you will pay three times less in fees with Tuleva than in other pension funds – this means more money is left for you. Our investment rules are based on best practices, which have helped people grow their savings the most. Our fund manager is owned by Tuleva members – they are pension savers as well. They will make sure we keep our fees low, and act in the best interests of pension gatherers. You can read more about our funds here.
You do not need to be a member of Tuleva to transfer your pension. It’s free to transfer your pension to Tuleva. If you wish to also become an owner of your pension fund later on, you can always join us as a member.
Tuleva holds an activity licence from the Financial Supervision Authority for managing funded pension plans and Tuleva funds are also registered with the Financial Supervision Authority. The internal and external supervision of Tuleva funds works the same way as for any other funds. Even if the management company goes bankrupt, investors’ assets in the second pillar of the pension system will be safe. In such a case, our custodian institution Swedbank and the Financial Supervision Authority would take over the management of Tuleva funds. The Financial Supervision Authority would be tasked with finding a new management company.. The funds in the pension funds can never be used for other purposes such as covering the management company’s debts or as a bankruptcy estate. There is not even a hypothetical possibility of some Tuleva employee “stealing” the money in pension funds: the assets are on accounts held at the custodian bank, not with Tuleva.
Your money is just as protected in Tuleva, as it is in a big Scandinavian bank. You will just pay significantly less in fees. Here is a guide on how to transfer your pension to Tuleva if you are not a member:
To help ou not get lost in internet banks we have prepared a step-by-step guide for you to help with your fund transfer. If you are a client of Swedbank, LHV or SEB you can use your internet bank to switch funds; it doesn’t matter where your pension currently is. It doesn’t cost anything to use your internet bank to transfer your funds. If you wish to use the Pensionikeskus web page, then it costs 65 cents for directing your future payments to Tuleva and 1,53€ to transfer current funds.
Exiting your old fund is mostly free, only Swedbank has an exit fee of 0,1% of total unit value. However, this is a small amount, that you can make up quickly due to lower management fees in Tuleva funds.
Pick, which channel you would like to use to transfer your pension:
Click on your preferred choice, and we will take you to the correct spot in this post. Good luck with your pension!
In case you need to update your ID card certificates, then you can find this info here.
If you are a client of LHV bank this is how you can change funds to Tuleva:
If you are a client of SEB bank, this is how you can change funds to Tuleva:
If you are a client of Swedbank, this is how you can change funds to Tuleva:
On the Pensionikeskus home page this is how you can change funds to Tuleva:
If you have any other questions we’re here for you! Write to us email@example.com or call us 644 5100.
Read the prospect of our funds here, and read our fund manager Tõnu’s article on our investment strategy and if necessary, consult an expert.
Membership fees are used to develop the Association and to represent the interests of members. The fees of our first members were used to raise the fund’s initial capital, introduce Tuleva to the general public, and make preparations to start the fund, including application for an activity license from the Financial Inspectorate. From this point forward, membership fees will be used for the following activities:
Every euro saved gives a Swede almost a third higher pension than the same amount saved by Estonians. Estonia needs a smarter and measurable pension strategy.
As the first and only association representing pension savers, Tuleva is a credible partner for Ministry of Finance and state legislative bodies. We participate in pension strategy discussions, where next to the officials only banks and insurance companies used to be represented.
We help to make better laws. The laws that protect the people. The laws that maximize our profits from our, not banks’ savings.
We have our first achievements. For example
We do not organise demonstrations or spread random complaints. We are direct, we analyse issues and offer constructive solutions.
Tuleva’s main principle is that people themselves save money for their future, using contemporary technologies and bypassing unnecessary middlemen and costs as much as possible.
Every year, each member who has transferred their second or third pillar to Tuleva pension funds, earns a member bonus. Member bonus is very small at first, but it will grow together with member’s pension assets. Bonus is transferred to your personal capital account at Tuleva. This is your ownership stake in Tuleva capital and this stake can earn you additional profit.
When Tuleva grows, our funds under management grow and we add new products to our offering, then the association will earn profit. The profit is then divided among members, as set in our Articles of Association.
As always with profit from entrepreneurship – this depends how well our venture is doing. The founders are convinced, that the 125-euro joining fee pays for itself many times over. But we do not give promises.
At the end of each year
Every member has a vote on annual general meeting and has a right to elect and be elected to Tuleva’s board of directors and other supervisory bodies. This is the official part and it is very important.
Every day we share our ideas and experience among Tuleva members in our Facebook group, e-mail, phone and working groups. Among our community, there are people who care about the society and have very different skills. Many are ready to take responsibility for ensuring us a better future.
Tuleva team listens very carefully to our members and uses their ideas for making Tuleva better. We are only starting and believe that the power of thousands of smart people can be used for increasing our common good.
We use following cookies on our website:
Tax benefit is simple: the government pays you back the income tax on your third pillar contributions. Tax benefit applies to contributions that do not exceed 15% of your gross income or 6000 euros, whichever is smaller.
Your maximum contribution amount to third pillar is thus 15% x gross annual income. If your annual income is over 3333 euros per month (gross), then you can contribute to third pillar 6000 euros.
Tax benefit equals 20% x your third pillar contributions.
NB! Your tax benefit cannot be bigger than the income tax you have paid during the year. Thus: if your gross income is less than 614 euros a month, then your maximum contribution is less than 15% of your income. More precisely – your maximum contribution per month is then: gross monthly income x 0.964 – 500.
With less than 519 euro monthly income you are not paying income tax most likely and hence you do not have any tax benefit in contributing to third pillar.