All Bank of England notes are changing from paper to polymer. We issued the £5 in September 2016, the £10 in September 2017 and the £20 note on 20 February 2020. The new polymer £50 note will enter circulation in 2021.

Are old UK banknotes still legal tender?

After 30 September 2022, they will no longer be legal tender

There is £24billion worth of old paper £20 and £50 notes still in circulation, according to new data from the Bank of England. This is made up of £9billion worth of £20 notes - approximately 450million notes, or eight for every adult in Britain.

Can you still use old 20 notes 2021?

The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not be able to use the notes in shops, but you will be able to exchange them for new notes. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account.