thread: How long do i keep it for?

  1. #1
    Registered User

    Sep 2008
    In a cloud of madness.
    4,053

    How long do i keep it for?

    Things like bank statements, bills, payslips etc.
    I want to try and cull as much crap as i can from my study so i don't have to move it all so have the shredder ready to go... is there a time period I should keep this stuff for?

  2. #2
    Registered User
    Add Cupcake on Facebook

    Nov 2008
    North Haven, NSW
    3,474

    Ive been wondering the same thing!

  3. #3
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    Payslips I don't really keep, not unless I think the employer might be a bit dodgy on payments. If you do want to keep them, then 1 year would be enough as you get a payment summary at the end of the financial year.

    Anything used to compile tax returns I keep about 7 years, think it may have dropped to 5 and even 2 with some returns. Once the tax return it complete I put it all in a big envelope, write the year on it and put aside. It does not take up much room.

    I keep bills for a year or 2. I have had to go back and check old bills for double payments etc, so I don't like to turf them straight away.

    Superannuation I just keep the last statement from them. They send way to much paperwork over the year.

  4. #4
    Registered User

    Jan 2004
    3,903

    I do pretty much the same as Astrid. I have got bank statements that are for around 6 -12 months, but recently decided to keep it to around 6 months worth of them as you can easily access them online (if you do online banking anyway) and print them off should you need them

  5. #5
    Registered User

    Sep 2005
    In the middle of nowhere
    9,362

    I asked this a while ago when doing a big cull. I'll see if I can find it.

    Basically we have online payslips and everything is accessible online so I only keep disputed bills, mortgage stuff, super, car regos etc, and tax stuff gets filed in a envelope like Astrid said for each of us every year.