DELETED_5350

Its upto you really, but I am sure I have in a box buried in the loft all of my payslips from when I first started work...and boy that was a few years ago :)
 
all mine since i started here are on my desk in front of me. the last 10 are unopened :o
 
I keep mine for 3 years - not sure why, maybe I heard or read something or maybe I just plucked a number out of thin air
 
I keep mine for a few years, you never know when the tax man wants to look at how much you earnt.

I had a letter come through the other day regarding my pay from 2004/05, luckily all my old pay slips are in a shoe box at home :)
 
I keep all of mine, but i think when it gets to being there for 2 years I will start to throw out the oldest ones when i get a new one.
 
If you intend to buy house, get loan etc you may need to provide 3 to 6 months payslips. So it is probably worth keeping the last few for this reason.

In my case, I have no idea where most of them are!! I could probably lay my hands on last 12 months or so if I did a tidy up though.
 
I have a feeling the tax-man can ask to see payslips (or other proof like bank statements) up to FIVE years after, so keep some sort of prrof for that long. Although I'm not sure!
 
you should probably keep at least the current tax years worth. I have about 8 years worth + bank statements for that period but I am a bit anal about these things ;)
 
Captain Kirk said:
I have a feeling the tax-man can ask to see payslips (or other proof like bank statements) up to FIVE years after, so keep some sort of prrof for that long. Although I'm not sure!

Blimey, where am I supposed to store five years worth of pay slips!?
 
You're supposed to keep them for SEVEN years, as the tax man can ask to see documents relaing to your income dating back up to seven years.

Reason is that any queries relating to the amount of tax you pay (eg reclaiming overpayments, taxman claiming underpaymente etc) can be made for up to seven years in court. After that, claims can't be made so there's no need to keep the paperwork.

You're supposed to keep bank statements, P60s, tax statements and bank statements from your bank etc for the same period.


[EDIT] If you're after storage space for them, do what I do - scan them into a PDF document on your pc, and put them on disc. Then destroy the paper.
There is NOTHING in the rules that says the documents have to be in paper format, and I have that on authority from my best mate, who'se a tax inspector and his wife who's a tax advisor for the Revenue. Afterall, how do big multinational companies submit their tax returns....electronically of course...they just export the data from their systems and send it on CD or by email to the Revenue. The guy that sits next to me is responsible for it for our department at work. [/EDIT]
 
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As far as I know you are suppost to keep any legal/tax time documents for 6 years. This is because after 6 years tax gets 'written off' so its no good keeping them longer.
 
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