💨 Abstract

The Money Saving Expert founder advises keeping financial documents for at least six years, especially for limited companies, to cover potential HMRC investigations. For individuals, around 22 months is typically sufficient. However, retaining records longer can be crucial for reclaiming mis-sold financial products, as seen in PPI and car finance scandals. Evidence is key for successful claims, so keeping documents safe and backed up is recommended.

Courtesy: Jessica Lindsay