Later life pot

Keep some money invested which you can use to purchase a guaranteed income in the later part of your retirement

How the pot works

  • Choose the age when you want to access money invested in the later life pot

  • We’ll try and grow your money until your chosen age by investing in a medium to long-term fund

  • When you’re ready, use the money however you want - whether that’s buying an annuity or taking it as a lump sum

Icon of a growing plant, combined with a pound sign

Questions and answers

If you have any questions, give us a call or send us a message using the Contact us link on your screen - we’re happy to help.

Do I have to buy an annuity with my later life pot?

You don’t have to buy an annuity. How you use  money  saved in the later life pot is entirely up to you.

Can I change when I access the later life pot?

You can change when you access your later life pot whenever you want.

Will Smart pay my annuity?

No, you will need to use the money in your later life pot to purchase an annuity on the open market or 
with another provider when you are ready.

Are there socially responsible funds?

The later life pot invests in a fund, which is not classed as an ethical, environmental or religious fund option.

Investment fund details

Any money you put in this pot will be invested in the Smart Annuity Fund. This fund is provided by Legal & General.

Apply in three simple steps

Discover how you could combine your retirement options with Smart Retire.

We’re here to help

Have a question about Smart Retire? Our friendly UK-based team is here to help.

Simply send us a secure message using the Contact us button at the bottom of your screen and we'll reply as soon as possible.