You are here: Home - Saving & Banking - News -

Cut-off date set to spend old £10 notes

0
Written by: Paloma Kubiak
14/11/2017
Anyone with an old paper £10 note will need to spend the cash by the end of 1 March, the Bank of England has confirmed.

The new plastic £10 note featuring author Jane Austen entered circulation on 14 September. Currently both the old paper £10 note featuring Charles Darwin and the polymer note are in circulation.

But the Bank of England (BoE) has confirmed it will withdraw legal tender status of the old Darwin note at 23.59pm on Thursday 1 March 2018, as it continues to remove these notes from circulation.

It added that these notes can still be exchanged at the Bank of England in London after this cut-off date.

As at 3 October 2017, 55% of £10 notes in circulation were made of polymer with an estimated 359 million paper £10 notes in circulation.

A new £20 note featuring artist J.M.W Turner will follow in 2020.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
house prices
House prices jump but London growth lags

House prices jumped by an average £11,000 in the year to September with annual growth at 5.4%, official statistics revealed.

Close