Rainy day pot

This is a buffer, there for when you need it – withdraw money for planned expenses, like home improvements or a holiday

How the pot works

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

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

Investment fund details

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.

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