Most people keep their bills and bank statements for around 2 years. Even they choose to keep the insurance documents as long as they have their validity. Tax-related paperwork including P45s and payslips should be kept for at least 22 months as suggested by the HMRC. The recommendation is to keep the paperwork totally for a span of 22 months from the end of the tax year.
The present scenario
About two-thirds of the general population use digital banking with the help of a personal computer o...