Key information documents

Key Information Documents give you a clear overview of the typical take-home pay you would expect to receive

Helping you make the choice that suits you

To help you make your choice of payment method, please take a look at the Key Information Documents that give you a clear overview of the typical take-home pay you would expect to receive, who your employer is, your employment rights and benefits and frequency of pay. We also provide an example pay scenario for each option.

If you choose to be engaged on a PAYE basis, including pension, the following applies:

Download Key Information Document (Direct payment by Your World - PAYE - Including Pension)

 

If you choose to be engaged on a PAYE basis, excluding pension, the following applies:

Download Key Information Document (Direct payment by Your World - PAYE - Excluding Pension)

 

If you provide your services through a Personal Services Company (PSC), where the ‘off-payroll’ working rules apply:

Download Key Information Document Personal Services Company – Deemed Employment – Inside IR35

 

If you provide your services through a Personal Services Company (PSC), where the ‘off-payroll’ working rules do not apply:

Download Key Information Document  - Personal Services Company - Limited Company  - Outside IR35

 

If you decide to provide your services through an Intermediary or Umbrella Company, including pension, the following applies:

Download 'Key Information Document - Umbrella Company including pension'

 

If you decide to provide your services through an Intermediary or Umbrella Company, excluding pension, the following applies:

Download 'Key Information Document - Umbrella Company excluding pension'

 In overview, the ‘off-payroll’ working rules relate to whether an assignment should be treated like ‘employment’.  If the assignment is to be treated as ‘employment’, then the ‘off-payroll’ working rules apply, the assignment is designated as ‘Inside IR35’, and the 'Key Information Document -  PSC Deemed Employment' applies.  If the ‘off-payroll’ assignment working rules don’t apply, the assignment is designated as ‘Outside IR35’ and the 'Key Information Document – PSC Gross' applies.

From 6 April 2021, the responsibility for managing IR35 moves away from personal service companies to clients and fee-payers.

If you are still unsure about any aspect, please get in touch with your consultant at Your World or email [email protected], who will happily answer any of your questions.