The paper counterpart to photocard driving licenses will be abolished from 8th June 2015.
The DVLA says drivers with a photocard licence should destroy the paper counterpart after this date. People with a paper licence issued before photocards were introduced in 1998 should keep it.
After 8th June, when drivers change their name or address, or renew their licence, they will be sent a new photocard-only licence.
Penalty points will no longer be recorded on the physical driving licence. Instead they will be held online, along with other details of the licence. Drivers can check their own details.
See more about the changes at gov.uk.