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Keeping documents

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SwishyJ | 20:09 Sun 29th Oct 2006 | Personal Finance
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How long do I have to keep household documents for - like Bank Statements, credit card bills, utility bills etc?
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You don't HAVE to keep them at all, but they can be useful.

They can be useful (in the event of a legal dispute) for up to 6 (maybe 7) years, though in practical terms after 2 or 3 years nothing much is likely to happen that will need them.
I agree with Dzug 100%, there is no need to keep them at all.

It can, however, be useful to retain one bank statement or bill from each year as 'proof of residency', in the event of an electoral roll issue that means having to prove you lived at your address within the last 6 years. This may occur if you apply for finance for example.

My advice is to invest in a good shredder and dispose of your personal documents securely, as identity fraud is largescale now and it is not uncommon for documents to be stolen from unsuspecting peopes dustbins!

Good luck

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