The new note is the last of the paper notes to be switched to polymer plastic, which the Bank of England says is more difficult to counterfeit. We now have polymer versions of the following notes:
- Polymer £5 note featuring former UK Prime Minister Sir Winston Churchill. This entered circulation on 13 September 2016. The paper version was withdrawn from circulation on 5 May 2017.
- Polymer £10 note featuring author Jane Austen. This entered circulation on 17 September 2017. The paper version was withdrawn from circulation on 1 March 2018.
- Polymer £20 note featuring painter JMW Turner. This entered circulation on 20 February 2020. Like the paper £50 note, the paper £20 note – which features economist Adam Smith – will also be withdrawn from circulation on 30 September 2022.
If you want to make your money go further, check out our Top Savings Accounts guide.