diff --git a/x-pack/plugins/ingest_manager/server/services/epm/kibana/index_pattern/install.ts b/x-pack/plugins/ingest_manager/server/services/epm/kibana/index_pattern/install.ts
index 2aa28d23cf857..4804701df23a8 100644
--- a/x-pack/plugins/ingest_manager/server/services/epm/kibana/index_pattern/install.ts
+++ b/x-pack/plugins/ingest_manager/server/services/epm/kibana/index_pattern/install.ts
@@ -85,7 +85,6 @@ export async function installIndexPatterns(
     savedObjectsClient,
     InstallationStatus.installed
   );
-
   // TODO: move to install package
   // cache all installed packages if they don't exist
   const packagePromises = installedPackages.map((pkg) =>
@@ -95,26 +94,32 @@ export async function installIndexPatterns(
   );
   await Promise.all(packagePromises);
 
+  const packageVersionsToFetch = [...installedPackages];
   if (pkgName && pkgVersion) {
-    // add this package to the array if it doesn't already exist
-    const foundPkg = installedPackages.find((pkg) => pkg.pkgName === pkgName);
-    // this may be removed if we add the packged to saved objects before installing index patterns
-    // otherwise this is a first time install
-    // TODO: handle update case when versions are different
-    if (!foundPkg) {
-      installedPackages.push({ pkgName, pkgVersion });
+    const packageToInstall = packageVersionsToFetch.find((pkg) => pkg.pkgName === pkgName);
+
+    if (packageToInstall) {
+      // set the version to the one we want to install
+      // if we're installing for the first time the number will be the same
+      // if this is an upgrade then we'll be modifying the version number to the upgrade version
+      packageToInstall.pkgVersion = pkgVersion;
+    } else {
+      // this will likely not happen because the saved objects should already have the package we're trying
+      // install which means that it should have been found in the case above
+      packageVersionsToFetch.push({ pkgName, pkgVersion });
     }
   }
   // get each package's registry info
-  const installedPackagesFetchInfoPromise = installedPackages.map((pkg) =>
+  const packageVersionsFetchInfoPromise = packageVersionsToFetch.map((pkg) =>
     Registry.fetchInfo(pkg.pkgName, pkg.pkgVersion)
   );
-  const installedPackagesInfo = await Promise.all(installedPackagesFetchInfoPromise);
+
+  const packageVersionsInfo = await Promise.all(packageVersionsFetchInfoPromise);
 
   // for each index pattern type, create an index pattern
   const indexPatternTypes = [IndexPatternType.logs, IndexPatternType.metrics];
   indexPatternTypes.forEach(async (indexPatternType) => {
-    // if this is an update because a package is being unisntalled (no pkgkey argument passed) and no other packages are installed, remove the index pattern
+    // if this is an update because a package is being uninstalled (no pkgkey argument passed) and no other packages are installed, remove the index pattern
     if (!pkgName && installedPackages.length === 0) {
       try {
         await savedObjectsClient.delete(INDEX_PATTERN_SAVED_OBJECT_TYPE, `${indexPatternType}-*`);
@@ -125,8 +130,7 @@ export async function installIndexPatterns(
     }
 
     // get all data stream fields from all installed packages
-    const fields = await getAllDataStreamFieldsByType(installedPackagesInfo, indexPatternType);
-
+    const fields = await getAllDataStreamFieldsByType(packageVersionsInfo, indexPatternType);
     const kibanaIndexPattern = createIndexPattern(indexPatternType, fields);
     // create or overwrite the index pattern
     await savedObjectsClient.create(INDEX_PATTERN_SAVED_OBJECT_TYPE, kibanaIndexPattern, {
diff --git a/x-pack/plugins/ingest_manager/server/services/epm/packages/get.ts b/x-pack/plugins/ingest_manager/server/services/epm/packages/get.ts
index 74ee25eace736..2cf94e9c16079 100644
--- a/x-pack/plugins/ingest_manager/server/services/epm/packages/get.ts
+++ b/x-pack/plugins/ingest_manager/server/services/epm/packages/get.ts
@@ -89,8 +89,15 @@ export async function getPackageKeysByStatus(
   const allPackages = await getPackages({ savedObjectsClient });
   return allPackages.reduce<Array<{ pkgName: string; pkgVersion: string }>>((acc, pkg) => {
     if (pkg.status === status) {
-      acc.push({ pkgName: pkg.name, pkgVersion: pkg.version });
+      if (pkg.status === InstallationStatus.installed) {
+        // if we're looking for installed packages grab the version from the saved object because `getPackages` will
+        // return the latest package information from the registry
+        acc.push({ pkgName: pkg.name, pkgVersion: pkg.savedObject.attributes.version });
+      } else {
+        acc.push({ pkgName: pkg.name, pkgVersion: pkg.version });
+      }
     }
+
     return acc;
   }, []);
 }
diff --git a/x-pack/test/ingest_manager_api_integration/apis/epm/install_remove_assets.ts b/x-pack/test/ingest_manager_api_integration/apis/epm/install_remove_assets.ts
index 96663f1b3fb12..16a500ddf85ee 100644
--- a/x-pack/test/ingest_manager_api_integration/apis/epm/install_remove_assets.ts
+++ b/x-pack/test/ingest_manager_api_integration/apis/epm/install_remove_assets.ts
@@ -131,6 +131,24 @@ export default function (providerContext: FtrProviderContext) {
         });
         expect(resSearch.id).equal('sample_search');
       });
+      it('should create an index pattern with the package fields', async () => {
+        const resIndexPatternLogs = await kibanaServer.savedObjects.get({
+          type: 'index-pattern',
+          id: 'logs-*',
+        });
+        const fields = JSON.parse(resIndexPatternLogs.attributes.fields);
+        const exists = fields.find((field: { name: string }) => field.name === 'logs_test_name');
+        expect(exists).not.to.be(undefined);
+        const resIndexPatternMetrics = await kibanaServer.savedObjects.get({
+          type: 'index-pattern',
+          id: 'metrics-*',
+        });
+        const fieldsMetrics = JSON.parse(resIndexPatternMetrics.attributes.fields);
+        const metricsExists = fieldsMetrics.find(
+          (field: { name: string }) => field.name === 'metrics_test_name'
+        );
+        expect(metricsExists).not.to.be(undefined);
+      });
       it('should have created the correct saved object', async function () {
         const res = await kibanaServer.savedObjects.get({
           type: 'epm-packages',