One year left to spend your paper £20 and £50 banknotes – The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022.
News release
The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.
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.
Read more about One year left to spend your £20 and £50 banknotes at https://www.bankofengland.co.uk/news/2021/september/one-year-left-to-spend-your-paper-20-and-50-banknotes
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