How long do I need to keep payslips?
Discussion
I was going through some filing boxes last night having a bit of a clear out and realised I have pay slips going back to my first job in 1999.
With just a couple of omissions I think I have every month between then and now!
Clearly I dont need to keep all of these, particularly if I have a P60 for each year, so what is a sensible cut-off point at which I can shred them?
With just a couple of omissions I think I have every month between then and now!
Clearly I dont need to keep all of these, particularly if I have a P60 for each year, so what is a sensible cut-off point at which I can shred them?
Well I have recently changed jobs and the company I have joined uses a third party to do background checks, they have been asking for one payslip a quarter for the entire time I was employed at my previous two empoyers, so this is going back over 10 years. I felt this was a little execessive...
Legally you do not have to keep payslips.
Tax law dictates that your P60, P45 and P11d as appropriate should be kept for the previous 2 tax years, though if you are under self-assessment I ask my clients to keep 6 years records as any investigation can ask for info as far back as that (and further if fraud is suspected).
David
Tax law dictates that your P60, P45 and P11d as appropriate should be kept for the previous 2 tax years, though if you are under self-assessment I ask my clients to keep 6 years records as any investigation can ask for info as far back as that (and further if fraud is suspected).
David
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