Here's a breakdown of the royal family funding. Lots of staff on payroll!
The royal household has published its annual financial statement, including a summary of the Queen‘s expenditure for the year 2017/18.
The report shows the money used by the monarch to pay for official duties and maintenance of the palaces rose from £42.8 million to £45.7 million, partly because of the 10-year Buckingham Palace refurbishment, which is set to cost £369 million. So, where do these funds come from?
The Sovereign Grant
The Sovereign Grant refers to the funding provided to support the official duties of the Queen and the royal family. The funds, which are the Queen's main source of income, are generated from the Crown Estate – an independent real-estate businessthat has generated over £2 billion for the Treasury over the last 10 years. While the majority of these earnings go to the government, a portion (between 15 and 25% ) of the funds are kept back for the Queen in the form of the grant.
The latest financial report states that the total Sovereign Grant for 2017-18 was £76.1m, with £28.7m transferred to reserves to pay for the the Palace refurbishment work. The grant is also used for the salaries of royal household staff, official travel and upkeep of other royal palaces.
The report said the Queen's household supplemented the Sovereign Grant with an additional income of £17.3 million last year. This came from services like property rentals and facilities management…
Read the article here: How does the Queen get paid? – via Harpersbazaar.com