These statements usually come in printable formats. Summaries of transaction information are frequently available for download. You may be able to get hard copy statements from your bank going back a number of years. Some banks charge a search and printing fees for this service, as it cannot be done at the branch level. Older statements are handled in a back office.
For safety, it's best to keep any hard copy bank statements in a fireproof safe in a secure location. Electronic statements should be maintained in a password-protected file. Use password protection for electronic files. Hard copy statements should be kept in a secure, fireproof location that can be easily accessed. It may seem easier to just keep your records forever rather than setting aside time to organize them. It's not a great idea, though, primarily because of the potential for identity thieves to get them.
Documents that should be shredded include the following:. When you're ready to dispose of your bank statements, make sure you actually shred them. Just ripping them in half, isn't going to stop identity thieves from piecing together your personal information. Shredders are now small, portable, and cheap. If your paper volume is enormous, shredding services can be bought. Some banks will shred your statements for free on request. Checking Accounts. Actively scan device characteristics for identification.
Part of Set up as self-employed a 'sole trader' : step by step. Business records if you're self-employed. How long to keep your records You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year. Print entire guide. Step 1 : Check if being self-employed is right for you. Check what being self-employed means There are other ways to work for yourself.
Check if you should set up as one of the following instead: a limited company a partner in a business partnership Get help deciding how to set up your business Get help starting your own business if you're on benefits.
Step 2 : Choose the name you want to trade under. Check the rules for sole trader business names You can register a trade mark if you want to stop people from trading under your business name. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article. Thank You for your feedback! Something went wrong.
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Your PSC register must include details of anyone who:. You must also keep any other financial records, information and calculations you need to prepare and file your annual accounts and Company Tax Return. This includes records of:. You must keep records for 6 years from the end of the last company financial year they relate to, or longer if:.
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