When do the old £10 notes expire? (Picture: PA)

Shiny new cash seems to be lining our pockets in the UK at the moment.

We have been introduced to the newly shaped £1 coins and we were given the brand new £5 and £10 notes as well.

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The new £5 initially caused controversy with the introduction of the polymer material being used.

It was revealed that a small amount of animal fat was used to produce the polymer pellets, but this has not stopped the new £10 version being released into circulation too.

The new £10 note featuring Jane Austen, which marks the 200th anniversary of Austen’s death, unveiled at Winchester Cathedral (Picture: PA)

Around a billion of the new notes featuring Jane Austen have been printed as the Bank of England tries to phase out the older paper ones.

What are the benefits?

The advantage of creating notes from a polymer film means that the note itself is more durable and harder to forge.

The new material prolongs the lifespan of the new notes to around five years, compared to the paper version of around two years.

The final day to use your old notes is 1 March, 2018. (Picture: PA)

When does the old £10 note expire?

The final day to use your old notes is 1 March, 2018.

This means that after this date they are no longer legal tender and not worth anything.

What can I do with my old £10 notes after this date?

However, if you do still have old £10 notes after this date, fear not.

If you live in London they can be exchanged for shiny new polymer ones at the Bank of England.

Some banks, building societies, and post offices will allow you to deposit them if you’re an account holder, but this isn’t guaranteed so it is advisable to call ahead to see, or by popping into your local branch to check their last dates if they are participating.

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