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How long do I have to keep savings records

This is the paperwork from the bank or building society.

Also can I scan in and throw original papers away to save me some space?

Thanks to anyone who can help.

Comments

  • Reaper
    Reaper Posts: 7,366
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    edited 25 November 2009 at 4:29PM
    The Inland Revenue says for individuals keep anything you need for tax returns for 22 months after the end of the tax year they relate to (from the sell date not buy date for assets such as houses, shares etc):
    http://www.hmrc.gov.uk/sa/record-keeping.htm

    For the self employed it is 5 years and 10 months after the end of the tax year
    http://www.hmrc.gov.uk/sa/rec-keep-self-emp.htm

    Personally I keep everything for 7 years to be safe.

    It may also be worth keeping anything about opening accounts you are still using in case there is any dispute about the terms & interest rate promised.
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