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bank & mortgage statements, isa statements, credit card statements...

5 replies

moveon · 01/05/2015 13:55

You get the idea... I am having a clear out.

What do I need to keep and for how long?

I don't run a business and I am PAYE. I have a mortgage already. I've just switched all my bank statements to online only.

Thanks

OP posts:
nottheOP · 01/05/2015 13:58

3 months, max

FromMeToYou · 01/05/2015 14:37

For ever and ever and ever.

blog.moneysavingexpert.com/2013/08/12/dont-throw-bank-statements-away-after-six-years/

FromMeToYou · 01/05/2015 14:38

And if they are all online, make sure you can actually access them for a long time, not just one year or whatever.

Lonecatwithkitten · 01/05/2015 15:20

Credit card statements that show big purchases as long as you have the items as you may need proof of purchase in the event you are burgled - been there done that.
Bank Statements - for ever.
ISA at least this plus 6 further years just because you are PAYE doesn't mean HMRC can't investigate you. So payslips, P60s and P11Ds would be the same.

PiratePanda · 02/05/2015 11:43

You should keep absolutely everything vaguely to do with tax for six years in case at some point you DO need to fill in a tax return (as I do this year because we sold our enforced second home and it's subject to CGT, though thank god we made a loss).

As for the rest, credit card statements for big purchases in case of theft is a good idea. But if you've never had PPI or a loan or one of the other financial products that may have been sold, there isn't really a need to keep bank statements longer than 6 years.

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