Tuleva’s III Pillar Pension Fund

Consistently putting money aside and making your money grow guarantees you a more comfortable future. The sooner you start saving, the more effectively you can get your money working for you. That’s why, in addition to our everyday savings opportunities and term deposits, we’re now offering you a long-term saving solution: a III pillar pension fund. You can open a low-fee Tuleva III Pillar Pension Fund for yourself through Coop Pank´s internet ja mobile bank.

Start saving smart today.

The financial service is offered by Tuleva Fondid AS. Review the fund’s terms and conditions, prospectus and key information online at tuleva.ee and consult a specialist by e-mailing tuleva@tuleva.ee or calling 644 5100.

Low fees

When it comes to long-term saving, we’ve chosen to partner with Estonia’s own Tuleva, which offers low-fee index funds across the board – and the lower the fees, the more your savings will grow for the future.

Get tax incentives working for you

Pension funds are in fact a very effective way of saving for the future and making your money grow. Any income tax you pay on funds invested in the III pillar is reimbursed by the state when you lodge your tax return the following year. You get a tax rebate of up to 15% of your gross salary (or up to 6000 euros) each year.

Modern index funds

Tuleva’s III Pillar Pension Fund is an easy and affordable way of gaining from growth in the global economy. It makes you a co-owner of almost 3000 of the world’s biggest companies, thereby hedging your risks and setting your money up to grow. Stock prices may go up and down in the short term, but historically, over the long term, they have yielded the best returns.

Consistent saving ensures peace of mind

Make a start right now – even if it’s only little amounts you put aside. The most convenient was of saving is setting up a monthly payment. Even if your retirement seems a lifetime away, you’re giving yourself the chance to maintain your standard of living in the future by putting money aside now. Make the most of your savings years down the line but enjoy the peace of mind it brings you today!

A bank in your pocket

With our mobile app you can keep an eye on your money matters and do all your daily banking. And all right there in your pocket, from quick payments to saving without even realising you’re doing it! Try it for yourself.

Tuleva’s III Pillar Pension Fund – good to know

We constantly improve the range of services offered to our customers and therefore offer to invest in Tuleva's pension funds through Coop Pank's internet and mobile banking. Our aim here is to help people in Estonia save more effectively.
Tuleva shares a lot of our values: both of our companies are Estonian-owned, and we both contribute to promoting the financial well-being of people in the country. Likewise, we both aim to encourage people to think about saving – including those who, for a variety of reasons, have never really given it any thought. Stage 1 of our partnership involves giving Coop clients the chance to start saving in the Tuleva III Pillar Pension Fund via the Coop website.
Further down the line, our partnership will guarantee a win-win-win scenario for Coop Pank, Tuleva and our clients, which is to say we’ll prove that 1+1=3.
Tuleva is an asset management company that takes the form of a cooperative. Its aim is to grow the assets of people in Estonia, creating the best conditions for investing money long-term for anyone wishing to join. Its founders include Tõnu Pekk, Indrek Neivelt, Taavet Hinrikus, Kadi Lambot and other well-known Estonians. Tuleva’s III pillar has already become one of the country’s biggest pension funds. The association’s principles are offering low fees and investing solely in good funds.
Tuleva has introduced modern, low-fee index funds to Estonia. An index fund is an investment fund which seeks to emulate the average market returns by investing proportionally in all (or almost all) of the assets on the market. Index funds constitute a passive form of investment , which means that the fund manager doesn’t actively look to choose shares or other assets that might exceed the average market returns. As a rule, index funds come with low fees.
The II pillar or mandatory funded pension forms part of the pension system. The mandatory funded pension is collected at the rate of 6% of a person’s gross salary: 2% is contributed by the individual themselves, while the other 4% is contributed by the state. These payments are automatically deducted from a person’s salary unless they’ve exited the mandatory funded pension system. Mandatory funded pension assets can be used during a person’s retirement or earlier upon exiting the system.
The funded pension, which is to say the II pillar, is based on pre-financing – when you work in Estonia you save for your retirement yourself by paying 2% of your gross salary into your pension fund. The state adds 4% to this from the 33% social tax paid on your income. These payments are made automatically.
The voluntary funded pension, which is to say the III pillar, is an additional way of saving in which you decide on the frequency and amount of contributions yourself, as well as on how you make them. Anyone can transfer up to 15% of their gross income (no more than €6000 per year) to their III pillar tax-free.