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Author Topic: Do I need to hoard these documents?  (Read 3419 times)

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Offline AccyD

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Re: Do I need to hoard these documents?
« on: April 11, 2004, 06:22:46 PM »
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Cyberus wrote:
Hang on, under English law, you can't pursue unpaid bills / clerical mistakes older than 6 years AFAIK. Is it different under Scottish law?


The Inland Revenue can go back over your tax records for 7 years.

However, I would keep the old P60's forever to prove your entitlement to social security benefits if they are ever queried in the future.

As far as bank statements go you are free to bin these whenever you want (as the tax relating to the interest is recorded by the bank and submitted sepereatly to the IR).

Hope this helps.