Rainy day pot

There when you need it – withdraw money for planned expenses, like home improvements or a holiday

How the pot works

  • Withdraw money whenever you need it

  • PAYE tax is deducted at source if applicable

  • Money reaches your bank account within eight working days

  • We invest money in this pot in a low risk fund to reduce the risk from market fluctuations

Icon of a piggy bank with an arrow coming out of it

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.

Can I add more money to the rainy day pot?

It’s easy to top up your rainy day pot with money from another pot.

Do I pay tax?

Any one-off withdrawals will be taxed as income and could push you into a higher tax band.

Is the rainy day pot suitable for emergencies?

The rainy day pot is for planned expenses and withdrawals could take up to eight working days to reach your bank account. It's a good idea to have cash in a bank account that you can access to pay for unexpected emergencies.

Are there socially responsible funds?

The rainy day pot doesn't invest in any Shariah or Environmental, Social and Governance (ESG) funds.

Investment fund details

Money you put in this pot is invested in the Smart Cash 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.