Put your child's money to work early
The assets belong to your child and grow in Tuleva's low-fee index fund. Start with as little as one euro.
Open an account for your child quickly and easily
Verify yourself with Smart-ID, mobile-ID, or an ID card.
Answer a few questions. There are no documents to upload.
Start with as little as 1 euro. You can also set up a recurring payment, for example in the amount of the child benefit.
If you have several children, you can open a separate account for each one.
Good to know before you start
- Before investing for your child, save for yourself. The greatest gift to a child is a parent who has taken care of their own future: second and third pillar tax benefits used and a rainy-day fund in place. Why take care of your own third pillar first? →
- Money given to your child stays with your child. The assets belong to the child and withdrawals can only be made to the child's own bank account. This gives the assets reasonable protection.
- Stock markets fluctuate. Stock prices can rise as well as fall over time. The fund is meant for long-term investing – and saving for a child usually is just that. Still, returns cannot be guaranteed.
- The fund's assets are protected. The fund's assets are held strictly separate from Tuleva's assets at an independent depositary, and Tuleva Fondid AS operates under the supervision of the Estonian Financial Supervision Authority.
Start today
Open an account in just a couple of minutes. The earlier you start, the longer your child's assets have to grow.
- Over 85,000 people save with Tuleva
- Fee 0.28% per year, no extra charges
The calculator's result is illustrative: income tax is charged only on earned gains, not on contributions. The tax win calculation assumes the child sells their fund units gradually over 4 years, between ages 18 and 21, not all at once, and uses their yearly tax-free income each year, provided they have no other income. The calculation uses today's rates: income tax of 22% and tax-free income of 8,400 € per year. Tax rules will change over the years. No Tuleva fund has a guaranteed return.
Frequently asked questions
The third pillar's appeal is the tax benefit: you get income tax back on your contributions. But only a person who earns taxable income themselves gets the refund. A child usually doesn't, so paying into a child's third pillar creates no tax benefit.
Second, the third pillar is meant for retirement: with the favorable tax rate, the money only becomes available close to retirement age. For a child, this would mean locking the money away for decades. From the Savings Fund, your child can use the money when they need it, for example for education or a first home.
Saving in the child's name in the Savings Fund, the tax win comes from the other end: when selling units, the child can use their yearly tax-free income, which today is 8,400 € per year.
Once your child starts earning income themselves, they should consider their own third pillar too, because then they get a tax benefit as well. If your child already has a third pillar account opened before 2021, keep it as it is: these are separate accounts and don't mix. And your own third pillar is worth filling before you start saving for your child. Read more →
At 18, the decision does indeed pass to your child, because the assets are theirs. In practice, this fear is usually bigger than the actual risk: a young person who has watched their money grow for years treats it as their future assets, not as a windfall.
What helps most is involving your child in saving early on: show them how the account grows and talk about what you are saving for. That way the money won't come as a surprise at 18.
Experience elsewhere shows the same: data on the UK's similar product (the Junior ISA) shows that only 6.5% of young people withdrew the whole amount right at 18 (AJ Bell, 2026).
LHV's Kasvukonto is a platform where you choose yourself which fund your child's money is invested in. There are many options, both good and worse ones, and you have to pick the right fund yourself. Tuleva's Savings Fund has just one fund, a broad-based index fund with a fee of 0.28% per year, and we stand behind it.
Swedbank's child products (Koolifond and its successor, the Lapse Tuleviku fund) mix investing with insurance. The total cost of such products is estimated at around 1.5% per year, and the exact amount depends on the contract. Tuleva's fund is meant for investing only. If you need insurance, that is a separate purchase.
Read more: 3 reasons to avoid child-labeled savings products
Contributions to your child's Savings Fund account can only be made from the child's own bank account. Transfer money to your child's bank account and make the transfer to the fund from there. This way your child gets an acquisition cost for the units, and in the future only the gain is taxed on sale, not the whole amount.
If your child doesn't have a bank account yet, you can open one in their name at any Estonian bank.
A grandparent or another close person can also give your child a gift. The simplest way is for them to gift the money to you: you transfer it to your child's account and from there to the fund. If a gift lands straight on the child's account, investing it requires the court's consent by law. That is why we recommend gifting through the parent.
From this autumn, gifts can also be made straight to your child's savings fund account.
Units can be sold at any time and the money is paid only to your child's own bank account. This keeps your child's assets protected: money cannot move to anyone else's account.
Units bought with the money you contributed yourself can be sold by you as your child's representative without extra conditions. If units were bought with the child's other money (for example a gift or an inheritance received straight to the child's account), the sale requires the court's consent by law. You can ask the court for a general consent covering the whole childhood. The state fee is 10 €.
The state is preparing a legislative change that would make investing in a child's name even simpler. We wrote about it on the blog →
Yes, a little. If your child's units are sold and taxable income arises, a tax return has to be filed in their name. Saving in the parent's name, there would be no such extra work.
The account can be opened by either parent who has custody over the child's assets, and they act independently as the child's representative. We notify the other parent when the account is opened. The option for both parents to see the account and make transactions is coming later.
