A class of radial, polynomial cutoff functions fcn(r) for short-ranged pair potentials or related expressions is proposed. Their derivatives up to order n and n + 1 vanish at the outer cutoff rc and an inner radius ri, respectively. Moreover, fcn(r ≤ ri) = 1 and fcn(r ≥ rc) = 0. It is shown that the used order n can qualitatively affect results: stress and bulk moduli of ideal crystals are unavoidably discontinuous with density for n = 0 and n = 1, respectively. Systematic errors on energies and computing times decrease by approximately 25% for Lennard-Jones with n = 2 or n = 3 compared to standard cutting procedures. Another cutoff function turns out beneficial to compute Coulomb interactions using the Wolf summation, which is shown to not properly converge when local charge neutrality is obeyed only in a stochastic sense. However, for all investigated homogeneous systems with thermal noise (ionic crystals and liquids), the modified Wolf summation, despite being infinitely differentiable at rc, converges similarly quickly as the original summation. Finally, it is discussed how to reduce the computational cost of numerically exact Monte Carlo simulations using the Wolf summation even when it does not properly converge.