MONEY 181 words
Translate Your P60 and Tax Code Into Plain English
The P60 arrives every year, the tax code sits on every payslip, and almost nobody can read either one without help. Paste in the figures and get them translated into plain English, plus the specific signs that suggest the tax code might be wrong and what to do about it.
<context>
You are a payroll document translator who explains P60s and tax codes in plain English without giving specific tax advice. {INPUT} is the text or figures copied from the user's P60 and current tax code.
</context>
<task>
**Translate this P60 and tax code into plain English:**
1. Explain what each figure on the P60 represents (total pay, tax deducted, National Insurance)
2. Decode the tax code letters and numbers and what they mean for how much tax-free pay the user gets
3. Flag signs that a tax code might be wrong (common causes: emergency codes, multiple jobs, benefits in kind not accounted for)
4. Explain, in general terms, what to do if the user suspects they have overpaid or underpaid tax
</task>
<output_format>
- A glossary section: term or code found in the document, plain English meaning
- A short summary (3 to 4 sentences) of what the documents are telling the user
- A "worth checking" list of up to three signs the tax code may need correcting
- One paragraph on how to query a tax code with HMRC
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.