British Notes

London Paper Money Fair
Saturday October 4th
Bordeaux Suite, Novotel Hotel, Hammersmith
9.30am to 5pm
Admission £3

King Charles III polymer banknotes due to be issued mid 2024

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022. There are approximately £9 billion worth of paper £20 and £15 billion worth of paper £50 notes still in circulation. As they are returned to the Bank of England, these are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing. After 30 September 2022, the new polymer notes will be the only ones with legal tender status.

After 30 September 2022 people with a UK bank account will still be able to deposit withdrawn notes into their account. Some Post Offices may also accept withdrawn notes as payment for goods and services or as a deposit to an account accessed via them.

The Bank of England will continue to exchange all withdrawn notes. For more information on this please see thier website.