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Royal Finances
OVERVIEW

How is the work of The Queen funded? How much does the Royal Family cost the tax payer each year? Does The Queen pay tax - and if not, why not? And do the Crown Jewels and Royal Palaces belong to The Queen?

The Monarchy has sometimes been described as an expensive institution, with Royal finances shrouded in confusion and secrecy. In reality, the Royal Household is committed to ensuring that public money is spent as wisely and efficiently as possible, and to making Royal Finances as transparent and comprehensible as possible.

Each year the Royal Household publishes a summary of Head of State expenditure, together with a full report on Royal public finances. These reports can be downloaded from this section.

This section provides an outline of how the work of the Monarchy is funded. It includes information on Head of State expenditure, together with information about other aspects of Royal finances.

SECTION HIGHLIGHTS

FINANCIAL REPORTS:
Download the full annual report

Every year the Royal Household publishes a comprehensive report detailing Head of State expenditure. Download the document in pdf format in this section of the web site.

Coat of arms of the Duchy of Lancaster

FUNDING THE WORK OF THE ROYAL FAMILY:
Facts and figures about Head of State expenditure

Civil List, Grants-in-Aid and the Duchy of Lancaster: find out how the official work of The Queen is paid for.

How the Monarchy works?
Queen and State
Queen and public
Queen and Commonwealth
Ceremony and symbol
The Royal Household


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Overview
Head of State expenditure
Sources of funding
Financial arrangements of The Prince of Wales
Financial arrangemtns of other members of the Royal Family
Taxation