InvestEngine pension drawdown hub: published fees, investment options and features. Updated for 2026. Guidance, not advice.
Estimated yearly cost at £250,000: £0 a year (monthly income, no share deals; Platform fee only — fund charges extra).
Position on cost: Ranks 1 of 18 fully priced platforms on cost at £250,000. InvestEngine against every DIY platform
| Drawdown admin fee | None Included in the yearly cost above |
|---|---|
| Regular income payments | Free |
| One-off (ad-hoc) withdrawal | Free |
| UFPLS payment | Not confirmed |
| Transfer out (exit fee) | Free |
| Minimum pot | £100 |
| Cash in the pension | Not confirmed |
Fees checked 3 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.
Sources: Costs · SIPP · SIPP drawdown help
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
InvestEngine’s SIPP has no account fee and no dealing commission on DIY ETFs. Official terms include flexi-access drawdown, but withdrawals are arranged by email and paper forms rather than in the app. The product is ETF-only.
Retirement access: Flexi-access drawdown. Official SIPP terms include flexi-access drawdown. Official help (checked 3 Sep 2026): requests are paper-based via support@investengine.com; the app is built mainly for accumulation.
InvestEngine (UK) Limited is an ETF investing platform. Official MIFIDPRU 8 disclosure: launched January 2019. FCA FRN 801128.
Official costs page: £0 SIPP account fee and £0 dealing. Official help: drawdown is a paper process arranged via support@investengine.com. The product is ETF-only.
Platform fees: £0 SIPP account fee and £0 dealing; ETF ongoing charges apply
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.
Range: ETFs only
Commission-free ETF portfolios (DIY and managed); no individual shares
Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection
Guidance only — this is not regulated financial advice. Confirm charges on the provider's official pages before you act.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
Last verified: 8 Sept 2026.
Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, and all UK providers we track.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.