Barclays Direct Investing (formerly Smart Investor) Pension Drawdown

Compare Barclays Direct Investing (formerly Smart Investor) pension drawdown fees, investment options and features against the UK SIPP platforms we track. Updated for 2026.

Fee structure

Platform fees: £0 customer fee; SIPP administration £125 + VAT a year (£150); flexi-access drawdown £100 + VAT a year (£120) plus £75 + VAT set-up

Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.

Compare Barclays Direct Investing (formerly Smart Investor)

Barclays Direct Investing (formerly Smart Investor) vs all providers — see how Barclays Direct Investing (formerly Smart Investor) fees compare against every UK drawdown provider for your pot size.
All provider fees compared — side-by-side fee comparison of the UK providers we track.

Other providers

Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, and all UK providers we track.