Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Amigo on 13 March 2010, 22:11:47

Title: Pay slips.
Post by: Amigo on 13 March 2010, 22:11:47

I know we're supposed to keep them along with the annual P??? things we get but how long for? I'm paye weekly into the bank & not applying for any sort of finance but kept them for nearly 10 years now.
    When is the cut off point to shred 'em up?

Title: Re: Pay slips.
Post by: tunnie on 13 March 2010, 22:13:21

not sure what rules are now, i don't get any slips, its all electronic on our intranet 

Title: Re: Pay slips.
Post by: Entwood on 13 March 2010, 22:15:48

I believe the IR can request proof of your finances for 6 years back, but can go further under certain circumstances ...

Explained here

http://www.adviserbreakthrough.co.uk/ifanews/article/30.php

I've got a big box of "papers" in the attic, gets another pile added to it every year !!!

Title: Re: Pay slips.
Post by: albitz on 13 March 2010, 22:16:07

I think it may be 5 years, not certain though. :-/

Title: Re: Pay slips.
Post by: webby23 on 13 March 2010, 22:19:10

Well, just to confuse you further, I used to run my own sameday courier business and was told by my accountant to keep the records for 7 years......

 :y

Title: Re: Pay slips.
Post by: Gaffers on 13 March 2010, 23:01:44

The limit for financial matters is 6 years, no obligation to go beyond that.  Even then thats more for VAT etc.  If it goes through PAYE then they'll have all the info they need so dont worry unless you want to keep them for something else :y

Title: Re: Pay slips.
Post by: splott on 13 March 2010, 23:28:08

Yep its 6years. PAYE it doesn't matter, unless its vor your own records. :y

Title: Re: Pay slips.
Post by: I_want_an_Omega on 14 March 2010, 11:20:35

I thought it was 7 years. But I'm a saddo and have kept every payslip that i've ever had ........

Title: Re: Pay slips.
Post by: STMO999 on 14 March 2010, 14:05:41

12 months then in the shredder. P60 is all the evidence you need after that.

Title: Re: Pay slips.
Post by: Lizzie_Zoom on 14 March 2010, 14:33:04

I still have my P.60's going all the way back to when I officially started work..................in 1968! ;) ;)

Title: Re: Pay slips.
Post by: redelitev6 on 14 March 2010, 18:43:24

Quote

I still have my P.60's going all the way back to when I officially started work..................in 1968! ;) ;)

Back to the days of pounds shillings and pence ! how much were you earning a week? £ 10 if you were lucky?

Title: Re: Pay slips.
Post by: Lizzie_Zoom on 14 March 2010, 18:51:48

Quote

Quote

I still have my P.60's going all the way back to when I officially started work..................in 1968! ;) ;)

Back to the days of pounds shillings and pence ! how much were you earning a week? £ 10 if you were lucky?

I would have been very lucky  to earn that! ::)  I actually was earning the grand sum of £5 10s. 0d. a week!:( :(

Title: Re: Pay slips.
Post by: redelitev6 on 14 March 2010, 18:54:57

Quote

Quote

Quote

I still have my P.60's going all the way back to when I officially started work..................in 1968! ;) ;)

Back to the days of pounds shillings and pence ! how much were you earning a week? £ 10 if you were lucky?

I would have been very lucky  to earn that! ::)  I actually was earning the grand sum of £5 10s. 0d. a week!:( :(

:( the sixties weren't as glamorous as made out!

Title: Re: Pay slips.
Post by: STMO999 on 14 March 2010, 19:12:27

When I started as an apprentice for post office telephones in 1969 I got 7 guineas a week. Wasn't bad at all. I picked up £6 18s, gave my mum £3 and lived quite well on £3 18s.