How much money does the royal family make

Does The Queen pay tax — and if not, why not? Questions to ask a financial planner before you hire them. Subscribe Now Subscribe Now.

That doesn’t mean the government is taking the Queen’s private revenue

The Queen pays tax to government on her other private incomes. Facebook user, 19 May This follows claims that the wedding would be taxpayer funded—something we looked at in this factcheck. One of these she receives as sovereign and is passed down from sovereign to sovereign the Privy Purseand the other is income from her personal investments. Historicallythe Sovereign was eoyal for lots of government expenses and used income from their lands to help pay for. These holdings are collectively known as the Crown Estate.

How much does Britain pay the royal family?

For the latest business news and markets data, please visit CNN Business. Queen Elizabeth II and the British royal family have multiple sources of income, but they’re still not as rich as you might expect. That’s a nice chunk of change, but over Brits are richer, according to the Sunday Times. The Queen and the heir to her throne, Prince Charles, receive most of their income from the government and their private estates. Millions trickle down to the rest of the family, including Prince William and his wife Catherine, the Duchess of Cambridge. The Queen’s three main sources of income are the Sovereign Grant, the Duchy of Lancaster estate and her personal property and investments.

Share your thoughts and debate the big issues

This money comes from the public via taxes and levies paid on land owned by the how much money does the royal family make, called the Crown Estate, which is paid to the Government which then pays a portion back to the mondy.

You can read more about how the royal finances work HEREmzke below is a look at the argument sometimes made that the Royal Family brings in more money for the UK than they spend. However, the validity of this and the exact figure of financial contribution from the monarchy is very hard to prove. So, do you include contributions toward the media industry from popular films and TV shows about the monarchy?

Or is the star power for royals like Meghan Markle coupled with historic buildings enough to draw visitors anyway? Royalists might argue that the monarchy brings political stability to the UK, which has a high value to the economy. But, again, this is difficult to put a price on, particularly without evidence that the UK would become anything other than a stable republic like France or Germany.

In the end, the question of whether the Royal Family is worth it, or not, is probably less a financial question than a political, moral and aesthetic one. These questions have no clear answer. You can have your say by voting in our poll on royal funding HERE.

Doe Getty. Royal finances: The interior of Buckingham Palace, ope to the public on certain days of the year Image: Getty. Would the monarchy be less of a draw without the work of the Queen and the younger royals?

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20 Unusual Ways The Royal Family Make Money

Most people make money from their day jobs. British royals are not most people.

The arrangements will be reviewed by subsection 7 5 of the Oryal. Certain palaces, like Buckingham Palace and Windsor Castle, are also held in trust. Many of the Sovereign’s assets were acquired earlier than this date but payment is only made on the gains made. Green Party. Retrieved 17 December Her Majesty The Queen has opened a new session of Parliament this morning. While we can’t exactly stalk them on Venmo nor look at their bank statements, we combed through the interwebs for a rundown of the estates, assets, and estimated millions associated with each member of the royal family tree. With effect from 1 Aprilthe Civil List was incorporated into a new system of funding referred to as the Sovereign Grant. Main article: Duchy of Lancaster.