diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 6eab884ca..1b17cec5d 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -13,6 +13,7 @@ Changelog
 Added
 ^^^^^
 - Added psycopg backend support.
+- Added __set_name__ support for custom fields
 Fixed
 ^^^^^
 - Fix `bulk_create` doesn't work correctly with more than 1 update_fields. (#1046)
diff --git a/CONTRIBUTORS.rst b/CONTRIBUTORS.rst
index df2ef7cc2..0902d5534 100644
--- a/CONTRIBUTORS.rst
+++ b/CONTRIBUTORS.rst
@@ -50,6 +50,7 @@ Contributors
 * Vinay Karanam ``@vinayinvicible``
 * Aleksandr Rozum ``@rozumalex``
 * Mojix Coder ``@MojixCoder``
+* Rick van Hattem ``@wolph``
 
 Special Thanks
 ==============
diff --git a/tests/fields/subclass_fields.py b/tests/fields/subclass_fields.py
index 8c8f6e6b6..f39d9af22 100644
--- a/tests/fields/subclass_fields.py
+++ b/tests/fields/subclass_fields.py
@@ -76,3 +76,13 @@ def to_python_value(self, value: Any) -> Any:
             return self.enum_type(value)
         except ValueError:
             raise ValueError(f"Database value {value} does not exist on Enum {self.enum_type}.")
+
+
+class NamedField(CharField):
+    def __init__(self, name: str, **kwargs):
+        super().__init__(128, **kwargs)
+        self.name = name
+
+    def __set_name__(self, owner: Type[Any], name: str) -> None:
+        if self.name != name:
+            raise RuntimeError(f"Field name {name} does not match {self.name}")
diff --git a/tests/fields/subclass_models.py b/tests/fields/subclass_models.py
index a99d5a68a..46675b643 100644
--- a/tests/fields/subclass_models.py
+++ b/tests/fields/subclass_models.py
@@ -1,6 +1,6 @@
 from enum import Enum, IntEnum
 
-from tests.fields.subclass_fields import EnumField, IntEnumField
+from tests.fields.subclass_fields import EnumField, IntEnumField, NamedField
 from tortoise import fields
 from tortoise.models import Model
 
@@ -29,3 +29,7 @@ class ContactTypeEnum(IntEnum):
 class Contact(Model):
     id = fields.IntField(pk=True)
     type = IntEnumField(ContactTypeEnum, default=ContactTypeEnum.other)
+
+
+class NamedFields(Model):
+    a = NamedField("a")
diff --git a/tortoise/fields/base.py b/tortoise/fields/base.py
index f4a32ec37..7f04b753c 100644
--- a/tortoise/fields/base.py
+++ b/tortoise/fields/base.py
@@ -168,6 +168,15 @@ def __init__(
         self.model: Type["Model"] = model  # type: ignore
         self.reference: "Optional[Field]" = None
 
+    def __set_name__(self, owner: Type[Any], name: str) -> None:
+        """
+        Set the name of the field on the model and the model.
+
+        Needed because Mypy is not yet __set_name__ aware:
+        https://github.com/python/mypy/issues/8057
+        """
+        ...
+
     def to_db_value(self, value: Any, instance: "Union[Type[Model], Model]") -> Any:
         """
         Converts from the Python type to the DB type.
diff --git a/tortoise/models.py b/tortoise/models.py
index af7cb9487..354238108 100644
--- a/tortoise/models.py
+++ b/tortoise/models.py
@@ -619,9 +619,14 @@ def __search_for_field_attributes(base: Type, attrs: dict) -> None:
             meta.abstract = True
 
         new_class = super().__new__(mcs, name, bases, attrs)
-        for field in meta.fields_map.values():
+        for name, field in meta.fields_map.items():
             field.model = new_class  # type: ignore
 
+            # Call __set_name__ so fields know their own attribute name and parent model
+            # https://docs.python.org/3/reference/datamodel.html#object.__set_name__
+            if hasattr(field, "__set_name__"):
+                field.__set_name__(new_class, name)
+
         for fname, comment in _get_comments(new_class).items():  # type: ignore
             if fname in fields_map:
                 fields_map[fname].docstring = comment