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Legal Requirement to Hold Payslips..

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    Legal Requirement to Hold Payslips..

    Hi all,

    I'm just wondering if anyone knows how long the requirement to hold payslips is as an employer?

    I.e. do I have to keep them for 7, 8, 11, 15 years, etc.

    Cheers,

    #2
    As an employer? I would say hold on to them as long as you can. But maybe there is a legal answer to be had

    Comment


      #3
      7 years afaik. You can hold PDFs if you wish.

      Comment


        #4
        Originally posted by Earlyflash1 View Post
        Hi all,

        I'm just wondering if anyone knows how long the requirement to hold payslips is as an employer?

        I.e. do I have to keep them for 7, 8, 11, 15 years, etc.

        Cheers,
        Payslips???? There no legal requirement for a employer to keep payslips. You need to keep details and breakdown of the pay and payments made

        The rules are changing - to bring VAT (was 3 years) in line with tax etc (6 years). I'm sure someone else will confirm if I got the year right, but its something like records to do with the old rules before from 05 April 2009 - 6 plus current year, and records to do with after 06 April 2009 - it is 4 years plus current... (I attended a talk by HMRC in March, but they weren't 100% themselves of the transitional changes ....)

        The HMRC don't keep the records either. I know the MOD don't keep any pay records more than 2 years! They both expect the employee to keep them, as at the end of the day, its their responsibility.

        The HMRC don't like hard copies any more - they prefer records produced on disc - downloaded from the payroll software.
        Last edited by Little'Old Me; 20 May 2009, 12:35.

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