graculus

You know, when you open a box because you have no idea what's in it and one of the things contained is a letter inviting you to an interview for a job you didn't get in 1998 then you know it's time to have another clear out... ;)

So, wise people of my friends list: is there a consensus of opinion regarding how long I should keep bank statements for? Consider that I don't have to complete a tax assessment as my income tax gets extracted from my pay before it gets to me. Thoughts? Opinions?

E.T.A. My neighbour is still working on the shed. Which isn't even a proper shed but one of those half-shed sized tool locker things. I should say he's actually just trying to fix the roof panels on at the moment, so I think he's almost done. Not helped by their cats sitting on stuff, as is the feline way.

Current Mood: amused

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From:

nakeisha.livejournal.com

I believe the seven years tends to be the 'done thing' for these things irrelevant as to whether or not you have to complete a tax assessment, on the grounds that once a debt has expired after seven years, it can't be followed up.

It seems an awfully long time to me, but certainly this is what I was always told. I read it somewhere too, but that I confess was a few years ago now and I couldn't put my hand on the information - which is less than helpful really.

From:

graculus.livejournal.com

That certainly seems to be the received wisdom if you're doing self-assessment but I've not seen any consistency regarding those of us who deal with PAYE. I've got all my tax returns and payslips and would have thought those were the important things to have...