Please, could you explain to me how royals earn money, where do they get it from? Because I know it can’t be all from taxes so I want to know how this works. I’m sick of people saying that they take money from the citizens.

duchessofostergotlands:

mr-mrswales:

so royals get money through basically 2 main ways.. the Sovereign Grant and a Duchy

Sovereign Grant is a percentage given back to HM from the earnings of the Crown Estate from a previous year. This money goes to fund the majority of the royal family. This next year that money will be going up due to major reno work at Buckingham Palace

The Duchy of Lancaster is a private portfolio of land that was set aside to fund the monarch and his/her family

The Duchy of Cornwall is a private portfolio of land that was set aside to fund the Heir and his/her family. This is the main source of funds for Prince Charles, Camilla, William, Kate, Harry and Meghan. This funds the CH and KP households.

Note: this funding does not include the cost/source for the security/rpos. that is a whole different thing

Note #2: Royals are not allowed to take freebies and any gifts received while on “duty” are theirs to use for life but are property of the crown.

Note #3: Contrary to recent popular belief, no Meghan is not buying her own clothes, as a working, senior royals all of her expenses are covered by the Duchy of Cornwall.

if anyone wants to correct or add on, please do so

To add on a couple of points as Rosie graciously said we could:

– Rosie mentioned security isn’t included. Neither are the costs of away days or tours. When they go overseas the host country pays. When they go for a whole day to a specific area of the country- an away day as it’s called- the trip is paid for by the local council and can be very pricey (upwards of five figures).

– Also not included in the official figures the royals mention is the cost of the monarchy in the Commonwealth. The Queen is head of state in several countries but doesn’t live there so she has representatives who act on her behalf on a daily basis. These costs are met by the Commonwealth nation and are never included in figures regarding the cost of the monarchy. In previous years Canada have actually spent more on the monarchy than Brits have!

– The Duchy of Lancaster and the Duchy of Cornwall are legally considered private sources of income but should the monarchy be removed, they would return to the public and the income would go to the nation

– If the Crown Estate’s profits decrease the queen’s income is not allowed to decrease. She is not allowed to have her pay cut, essentially, and her income has risen at a rate higher than inflation. This is quite controversial against a backdrop where public sector workers are having their pay slashed by the government or where pay is increasing below the rate of inflation