This will be announced following the release of the note, and at least three months’ notice will be given before old notes are withdrawn. Adam Smith £10 and Boulton/Watt £20s are still valid. Polymer £20 notes entered circulation in February, replacing the old paper ones. In fact, they'll even issue six months notice before they're due to be taken out of circulation, meaning that, at the time of writing, you have until at least April 2021 to spend them. When will the old paper £20 note expire? The new £20 note came into circulation on 20 … explains more about how we use your data, and your rights. Although it's a bit out of the way from most tourist attractions the Bank of England Museum is free and well worth a visit, and as you can exchange your old bank notes at the Bank it'll be even better than free! Eight months on and many people are wondering if they can still spend their old £20 notes, which have likely remained in wallets across the nation during this strange time. 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New Scottish £20 notes: when Bank of Scotland and Clydesdale £20 polymer notes were launched - and when old notes expire February 2020 saw the … The new note, followed the polymer £5 and £10 notes which came out a few years ago. The new note will ultimately replace the paper £20 note, which features the noted economist Adam Smith. There might be a few paper ones still lying around your home, or stashed away in a piggy bank, but luckily you've still got some time to use them, the Daily Star reports. A new £50 note featuring Alan Turing will be issued in 2021. Paper £20 notes can continue to be used as normal for now, as an end date for their use is yet to be announced. Even then, you can still exchange them for a new £20. When you subscribe we will use the information you provide to send you these newsletters. The old £20 notes made from paper will be phased out after the polymer ones are introduced. The rollout of the Second Series of Euro banknotes was completed in May 2019. Here's when the paper £20 notes expire after the Bank of England replaced them with the new polymer ones earlier this year. 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