how do the royal family make their money
hereditary revenues of the Crown
title: Finances of the British royal family text: Finances of the British royal family The finances of the British royal family come from a number of sources. The UK Parliament supports the monarch and some other members of the House of Windsor financially by means of the Sovereign Grant, a percentage of the annual profits of the Crown Estate which is intended to meet the costs of the sovereign's official expenditures. This includes the costs of the upkeep of the various royal residences, staffing, travel and state visits, public engagements, and official entertainment. Other sources of income include revenues from the Duchies of Lancaster and Cornwall, a parliamentary title: Finances of the British royal family text: The total income of the Royal Household from the Treasury was always significantly larger than the Civil List because it included additional income such as Grants-in-Aid from the Treasury and revenues from the Duchies of Cornwall and Lancaster. The total Royal Household income for the financial years 2011–12 and 2012–13 was £30 million per annum, followed by a 14% cut in the following year. However, the Treasury provided an additional £1 million to pay for Diamond Jubilee celebrations in 2012. Royal expenditure differs from income due to the use of a Reserve Fund, which can be added to or drawn title: Finances of the British royal family text: Prince Charles) receives revenue which he applies towards charitable work and official activities, supported by the Queen's grant-in-aid funding to provide assistance with official travel and property. These financial arrangements also cover the official expenditure of some members of his immediate family. The Duchess of Cornwall, the Duke and Duchess of Cambridge, and the Duke and Duchess of Sussex all have their official expenses paid from Duchy income, assisted by funds from the Queen's Sovereign Grant. For the fiscal year 2011–12 the Duchy was valued at £728 million with an annual profit of £18.3 million paid to the Prince. The title: Finances of the British royal family text: from. The official reported annual expenditure of the Head of State was £41.5 million for the 2008–09 financial year. This figure did not include the cost of security provided by the police and the Army and some other expenses. Under the Sovereign Grant Act 2011, the system of funding the Royal Household by a mixture of Civil List payments and Grants-in-Aid was replaced. From 1 April 2012 a single annual Sovereign Grant has been paid by the Treasury. The level of funding for the Royal Household is now linked to the Government's revenue from The Crown Estate. The Sovereign Grant title: Finances of the British royal family text: Duke of Edinburgh receives a parliamentary annuity of £359,000 per year from the Treasury. In the past some other members of the British royal family also received funding in the form of parliamentary annuities. The Civil List Act 1952 provided for an allowance to Princess Margaret as well as allowances to the queen's younger children among others. The Civil List Act 1972 added further members of the royal family to the annuity list. By 2002 there were eight recipients of parliamentary annuities (all children or cousins of the Queen) receiving a combined total of £1.5 million annually. Between 1993 and