Organising your paper weight

Hi friends

When it comes to organizing documents you have to know what to hold and what to discard....

Keep for life

- Birth, marriage, divorce and death certificates.

- Life insurance policies that are in effect.

- Copies of your will/power of attorney.
- Certificate of discharge (from bankruptcy)

Keep 12 years

- Mortage papers (from date paid off).

Keep six years after expiry

- Investment and savings documents.
- Pension policies.
- Debt repayment records (check your credit file first)
- Loan repayments

Keep two years after end of relevant tax year.
- All documents relating to your tax return ( pay slips, pension contributions,taxable state benefits, pension, bank statements, building society pass books). If self-employed keep six years.

Keep one year
- Certificates of insurance.....only keep the most recent one.

Keep as long as you own
- Deeds of unregistered properties
- Planning and building regulation documents
- Home-improvement records.
- Car registration purchase papers, lease.
- Insurance claims
- Bills for major purchases, warranties.

Discard

- Credit card bills once you've checked them and kept relevant receipts.

bye

Very true....
thanks for the tips.

~Punitha