This is a buffer, there for when you need it – withdraw money for planned expenses, like home improvements or a holiday
The rainy day pot works by:
investing money in this pot in a low risk fund, to reduce any exposure to short-term market fluctuations
any money you withdraw from this pot reaching your bank account within eight working days
topping up your rainy day pot with money from another pot
Money you put in this pot is invested in the Smart Cash fund. This fund is provided by Legal & General. To see the details of this investment fund, download the Smart Cash Fund factsheet.
Any one-off withdrawals will be taxed as income (PAYE) and could push you into a higher tax band. Find out more about tax in retirement.
Discover how you could combine your retirement options with Smart Retire
See how much you could get in retirement with a no-obligation illustration.
Complete our online application form.
That’s it – you can now start using Smart Retire to manage your money.
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.