Financial Housekeeping

southernscouser

Was just wondering how long you fellow DFW's keep all your financial paperwork?

Not only bank statements, and bills, but things like P45's or whatever it is you get at the end of each financial year?

Every so often I just tend to shred all credit card statements and stuff so I only have the last 12 months or so.

But how long should I keep all the tax type forms? :think:

nearlyrich

I have all my P60's in one file, I mainly get online statements now otherwise I keep them for about a year.

southernscouser

nearlyrich wrote:

I have all my P60's in one file, I mainly get online statements now otherwise I keep them for about a year.

P60? :think: Thats sweet and sour chicken cantonese style, right? :rotfl:

Molanole

I tend to keep all my P60s, P45s etc and tax related stuff. I think I've read somewhere that you should keep all that stuff for at least five years anyway. I know work have to keep stuff that long for tax purposes so the same probably applies in a non work context.

calleyw

I believe for Tax purposes you should keep things for 6 years.

As that is how far the Tax man can go back.

So I would day 6 years worth of bank statements, cheque book stubs, bills and credit card statements etc.


Yours


Calley

**purpleprincess**

Molanole wrote:

I tend to keep all my P60s, P45s etc and tax related stuff. I think I've read somewhere that you should keep all that stuff for at least five years anyway. I know work have to keep stuff that long for tax purposes so the same probably applies in a non work context.

This is what I do......or should I say starting to!!! I have lived in my flat for 4 years and I had kept EVERYTHING I had ever received!!!:eek: :rotfl: :rotfl: :rotfl: Even the envelopes!!!:o :rotfl:

Needless to say, am currently sorting it out!!! Most of it has now gone and there's just a bit left to shred and file!!:D

Will be organised soon enough!!!

So glad I found MSE, it's really helped me so much!!!

**what an awful gushy statement!!**

lynzpower

yep , ive got 6 years of payslips in a tin

All my paperwork in 2 of those extendable files - need another lol

southernscouser

lynzpower wrote:

yep , ive got 6 years of payslips in a tin

All my paperwork in 2 of those extendable files - need another lol

I've got one of those files! They are just the best aren't they! :j (I can't believe I'm genuinely excited over a cardboard folder :rotfl: )

I borrowed mine from work! Proper MSE style!

bargainbetty

I have six years worth of statements and tax bits too. It comes in handy sometimes - I got a query from the tax man about my salary some five years previous, and it was only my still having my P60 that kept me from a whoppy great tax bill!

I used to save everything - cleared out my files last month and found phone bills from 1999 am not quite as anal rentetive these days, so have shredded all but the last financial year on household bills.

nearlyrich

southernscouser wrote:

I've got one of those files! They are just the best aren't they! :j (I can't believe I'm genuinely excited over a cardboard folder :rotfl: )

I borrowed mine from work! Proper MSE style!

If anyone needs any they are really cheap in Tesco, or you could look under my desk I seem to have a stationery supplies thing going on LOL:o

nearlyrich

southernscouser wrote:

P60? :think: Thats sweet and sour chicken cantonese style, right? :rotfl:

Not in my local Cantonese :rolleyes: it's mixed meat curry style:rolleyes: