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
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.
It’s easy to top up your rainy day pot with money from another pot.
Any one-off withdrawals will be taxed as income and could push you into a higher tax band.
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.
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.
Get early access to Smart Retire
Discover how Smart Retire works by taking a test drive
See how much you could get in retirement with a no-obligation illustration.
Save your Smart Retire illustration to your Smart Pension account.
That’s it - we'll get in touch the moment Smart Retire launches.
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.