Key Information Document: what is it?
A new requirement has been introduced to help employment businesses comply with the Conduct Regulations 2003.
From the 6th April 2020 the new document, known as a Key Information Document (or KID), must be provided to the agency worker before any terms are agreed between themselves and the agency. This document is intended to provide agency workers with some important information about their pay, including deductions and fees they may be subject to before they agree to any terms with the agency.
It is important to point out that the figures stated in this document may not be precise, as terms have not yet been agreed, however, they legally have to reflect the minimum amount a worker can expect to receive (e.g. – no less than minimum wage) and a description of the deductions that are to be made from the worker’s pay (e.g. – income tax).
The KID for agency workers being paid through an umbrella company must contain information such as:
- The name of the worker
- The type of contract
- Name of employment business
- Name of umbrella company
- Who will employ the worker
- Who will pay the worker
- Rate of pay
- Pay intervals
- Statutory deductions (legally required deductions, such as income tax, NI contributions, student loan)
- Non-statutory deductions
- Other benefits that may be available
- Leave entitlement
For more information, please see: Providing a Key Information Document for Agency Workers
