The Key Information Document provides you with an example of important details about pay and deductions. It includes information such as the hourly rate, total hours worked, gross pay, and various deductions like tax, National Insurance, and pension contributions. The document helps you understand net pay, the difference between payment methods (e.g., PAYE and Umbrella), and any additional deductions or contributions, ensuring transparency and clarity about your earnings. This is carried out to ensure full compliance with HMRC Regulations.