The actual period that records are kept will depend on a number of factors including:
- Legal and related requirements
- Costs
- The organisation’s own need to access the document
- Historical value
Buzzacott chartered accountants has a handy table Retention of accounting records and other corporate records listing the most common types of documents and the suggested retention period.
Your record keeping must comply with data protection law
Find out more about HR records in Keeping employee records.