The new portrait of the King will be the only change to the existing designs for the £5, £10, £20 and £50 notes and will be in circulation from the middle of 2024. His portrait will appear on the front as well as in the see-through security panel.
"Existing notes will still be accepted in shops after the new notes begin to circulate!"
The late Queen was the only monarch to appear on Bank of England banknotes and this started in 1960. Scottish and Northern Irish banks do not include the Monarch on their banknotes.
The late introduction of the King Charles banknotes is because of advice from the royal household asking that they only be produced as replacements for worn notes. This is because they want to minimise the environmental impacts of the change.
"Collectors will certainly be interested in getting hold of low serial number banknotes!"
Have you seen one of the new King Charles 50p pieces yet? They're already available from post offices across the country and are being given out in change for cash transactions.
Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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