The new 12-sided £1 coin will enter circulation in March meaning you have six months to spend or cash in your £1 coins.

Spend your £1 coins before they can no longer be used 1

Members of the public are being urged to spend or bank them by October when they will cease to be legal tender.

The current round pound coin will no longer be accepted after October so act fast and spend them quickly.

The new more-secure coin, which features the flora of the four nations of the UK emerging from a coronet, will enter circulation on March 28.