How long to keep bank statements?? and other docs

Gareth83

how long should one keep bank statements? pay slips? etc. etc.

i know it's seven years for tax but how long for all other financial documents? car insurance things etc. etc.

myrnahaz

I've still got my payslips from my first job, and usually keep all my tax documents, but there's no real need to go back 30 years like me!! All insurance policies are renewed annually (even if you stick with the same company) so when you receive your updated policy documents, destroy the previous year's because it's absolutely no use to anyone (unless there's an ongoing claim, but even then your broker will have the details). Most people who ask for copies of bank statements (when you buy a new car etc) will require 6 months worth.

joeo2000

bank statements 12 months,tax returns or inland revenue 5 years,insurance doc for car ,house ,life etc plus 2 years after expiry date(just incase.)

BigSaver_2

How long should mobile phone statements be kept for?

Middlers

Scan them to your hard drive or removable disc and keep indefinitely.

Tiggs_2

bank statments i shred straightaway, why would you keep them? Your bank can supply you with them should you need them and a simple call once a year will get your interest details from them for a tax return.

same for insurance docs.....what possible use is a 2 year old house insurance doc?

inmypocketnottheirs

Tiggs wrote:

bank statments i shred straightaway, why would you keep them? Your bank can supply you with them should you need them and a simple call once a year will get your interest details from them for a tax return.

They'll charge you upto a fiver a page though for providing a copy.

I got £1331.50 in bank charges refunded. all because I kept the statements going back six years.