Tuleva is a social company with a goal to earn profit for its members.
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.
How is member bonus calculated?
At the end of each year
- We calculate how many pension fund units each member had on average during the year in euros
- Multiply this by 0,05% and transfer the resulting amount to member’s capital account
- Every 5 years, members annual meeting decides whether to pay our accumulated profit as a dividend or keep it invested.