Sunday, August 2, 2009

Should I keep PAYE coding notices for more than a year?

Although there is no official need to keep once you have another it is always wise to hold onto for the tax year and the one after that. This is so that you can check the details have been used correctly by employers and you can ask HMRC for any refunds earlier rather than later. You sometimes need to trace the order of coding notices if you have alot in one year.

Should I keep PAYE coding notices for more than a year?
I would keep it has its amazing once you bin something some one will ask for it.Say for a reference for a bank loan etc
Reply:Strangely, you are advised to keep pay slips etc for 3yr ............. especially if you're a ex-student.
Reply:No need when one gets a new one it replaces the old one so bin it.....


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