{"id":493,"date":"2018-03-08T00:00:00","date_gmt":"2018-03-08T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2018\/03\/08\/time-to-raid-piggy-banks\/"},"modified":"2018-03-08T00:00:00","modified_gmt":"2018-03-08T00:00:00","slug":"time-to-raid-piggy-banks","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2018\/03\/08\/time-to-raid-piggy-banks\/","title":{"rendered":"Time to raid piggy banks"},"content":{"rendered":"<p>From the 1 March 2018, the old-style &pound;10 notes featuring Charles Darwin, ceased to be legal tender. A recent announcement by Companies House suggests the following actions:<\/p>\n<p><em>Time is ticking for the old paper &pound;10 banknote. We&rsquo;re advising all businesses to take &lsquo;note&rsquo;, as there&rsquo;s just a few days left to spend your old &lsquo;tenners&rsquo;.<\/em><\/p>\n<p><em>Figures from the Bank of England suggest there&rsquo;s still &pound;2.2 billion of old paper &pound;10 notes in circulation. But, from midnight on 1 March 2018, these old paper notes will stop being legal tender. This means that from this date, you&rsquo;ll no longer be able to spend the old paper notes, featuring Charles Darwin.<\/em><\/p>\n<h2><em>Changing your old banknotes<\/em><\/h2>\n<p><em>From 1 March, most shops and other businesses will only accept the new polymer or &lsquo;plastic&rsquo; &pound;10 notes, featuring Jane Austen. But, you&rsquo;ll still be able to exchange any old paper tenners for free at the Bank of England, either by post or in person.<\/em><\/p>\n<p><em>Some retailers, banks and building societies may choose to accept the old notes after this deadline. But, they don&rsquo;t have to.<\/em><\/p>\n<h2><em>New polymer notes<\/em><\/h2>\n<p><em>Paper banknotes of &pound;5, &pound;10 and &pound;20, are being gradually replaced by polymer ones, which are more secure and harder to counterfeit. These new banknotes also have raised bumps and dots, to help blind and partially-sighted users identify each banknote by touch.<\/em><\/p>\n<p><em>They&rsquo;re also more resistant to dirt and wear, so last longer. According to the Bank of England, this means they&rsquo;re better for the environment, with a lower carbon footprint than the old paper notes.<\/em><\/p>\n<h2><em>Other banknotes<\/em><\/h2>\n<p><em>The old paper &pound;5 note has already been replaced, and a new polymer &pound;20 banknote will be issued in 2020. The Bank of England hasn&rsquo;t confirmed if the &pound;50 note will be replaced.<\/em><\/p>\n<p>If you have petty cash boxes or a safe where old notes may be hoarded time to see if your bank will exchange them, if not, you will need to organise a trip to the Bank of England or check out their website at <a href=\"https:\/\/www.bankofengland.co.uk\/banknotes\/exchanging-old-banknotes\">https:\/\/www.bankofengland.co.uk\/banknotes\/exchanging-old-banknotes<\/a> where you can pick up instructions on how to exchanges notes by post.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>From the 1 March 2018, the old-style &pound;10 notes featuring Charles Darwin, ceased to be legal tender. A recent announcement by Companies House suggests the following actions: Time is ticking for the old paper &pound;10 banknote. We&rsquo;re advising all businesses to take &lsquo;note&rsquo;, as there&rsquo;s just a few days left to spend your old &lsquo;tenners&rsquo;. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-493","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=493"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/493\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=493"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}