I have to hand in one month notice as per UK laws and my pay date is 20th of the month. Will I still get my monthly pay if my notice period starts on the 19th of the month ie. will I get paid as usual on 20th Oct and then most likely a pro-rated salary on 20th Nov? What is the best timing to hand in my notice as I start with the new employer on 20th Nov?

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Of course you will get the pro rated salary at the usual date (or few days later if payroll has a separate process for leavers). Resign on the 19th and in the resignation email/letter tell them that you plan to have your last day on the 19th next month.

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https://www.ambitionbox.com/salaries/take-home-salary-calculator
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https://scholar.harvard.edu/fryer/publications/empirical-analysis-racial-differences-police-use-force

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