Tuleva III Pillar Pension Fund
A low-cost index fund that invests entirely in stocks. The annual returns of this fund can vary sharply, yet without consciously taking risks, achieving high returns is impossible.
Suitable for you if you want to achieve the best long-term returns and do not plan to withdraw your entire III pillar within the next 5 years.
Fund details
ISIN EE3600001707
Currency EUR
Date of inception 15th October 2019
Fund volume EUR
NAV EUR
Management fee 0,21%
Total expense ratio 0,31%
Redemption fee and issue fee 0%
Fund manager's participation rate in fund 0 units
Risk profile Aggressive
Comparison index 100% MSCI ACWI (EUR)
Documents
- Prospectus and Terms and conditions (in Estonian)
- Model portfolio (in Estonian)
- Key Investor Information (in Estonian)
- Procedure for determining net worth of fund (in Estonian)
- Sustainability
- Non-consideration of adverse impacts of investment decisions on sustainability factors
- Remuneration Policy of Tuleva Fondid AS
Reports
-
Investment reports (in Estonian) (05.2025)
Previous reports - Financial reports of fund and fund manager (in Estonian)
Sustainability information
CO2 intensity 78.97 tons / $1M turnover per year
Tõnu Pekk
fund manager
I follow the principle of Jack Bogle, the founder of Vanguard index funds: keep the investment in a low-cost fund and “don’t peek” – keep the end goal in sight and don’t spend time or money worrying about small fluctuations. I waited for a long time for someone to set up this kind of fund in Estonia. We finally had to take matters into our own hands.
Tõnu has been working in the investment field for over 20 years. Before founding Tuleva, he headed an investment company he part-owned, Karu Capital. Before that, Tõnu ran Eastern European financial sector development projects at the European Bank for Reconstruction and Development and worked as head of investment banking at Hansabank. He holds a master’s degree from London Business School-and a bachelor’s degree from the University of Tartu.
Frequently asked questions
We recommend making the final contributions to the third pillar before 27.December
Yes, if you file your taxes in Estonia, you can open a pension account and contribute to third pillar. You can open the pension account on Tuleva website or in your internet bank.
You can claim tax benefit on third pillar contributions in two ways:
- When you transfer money to third pillar, the amounts contributed are automatically recorded in your tax return. Once you file your tax return, the government will pay back the income tax on those contributions. You have to make sure, that your contributions won’t exceed 15% of your annual gross income or 6000 euros (whichever is smaller).
- If you ask your employer to deduct your third pillar contribution directly from your salary, then the employer will not deduct income tax on this contribution. The same maximum limit on 15% of total income or 6000 euros applies.
You can withdraw your funds from the 3rd pillar whenever you like. The withdrawals are taxed as follows:
- before you turn 60 years old: 20%
- after your turn 60 years old: 10%
- when you are over 60 and draw money down as pension payments: 0%
Yes. In addition to our own rules and procedures, there are three additional protectors of your assets in Tuleva pension funds:
- Tuleva is licences by the Financial Inspection of Estonia.
- All pensioi fund assets are held with our custodian Swedbank. Custodian approves each transaction with fund assets exactly as with funds managed by the bank itself.
- Tuleva regulatory capital
