The Queen receives a yearly sum through what is known as the Sovereign Grant , which is equivalent to £1.29 per person in the UK. In Aussie dollars, that's around $2.23 per person, which last financial year amounted to a whopping $148 million.
Through our assistance to Commonwealth development programs, Australia is supporting democratic processes, small states, climate change, youth and civil society engagement, education and the rights of LGBTI persons. In 2021-22 Australia provided an estimated $5.9 million in total to Commonwealth development programs.
The simple answer is No. Australia does not pay a cent for the maintenance or security of the Sovereign.
The sovereign grant was set at £86.3m for 2021-22, according to the royal household's annual financial statement, which it said represented £1.29 per person in the UK. Prior to 2017, the Queen received 15% of the crown estate profits from the two previous years, while the remainder was kept by the government.
The Accounts for the Sovereign Grant, which funds the Queen and her household's official expenses, released a report in the summer of 2022, showing that the monarchy cost the taxpayer £102.4m ($114.6m) during the 2021–22 financial year – an increase of 17% from the previous 12 months.
The Queen's image can be found on the currency of more than 15 countries, the most populated being the United Kingdom, Australia, Canada and New Zealand. This list includes Bermuda, St. Lucia and Montserrat, along with other Caribbean nations that use the Eastern Caribbean dollar.
Supporters of the monarchy argue it costs New Zealand taxpayers only a small outlay for royal engagements and tours and the expenses of the governor-general's establishment. Monarchy New Zealand states "[t]his figure is about one dollar per person per year", about $4.3 million per annum.
The Royal Family has opened its books to show how the Queen receives her money. A taxpayer-funded payment, known as the Sovereign Grant, is paid to the Royal Family each year - but it's not the Queen's only source of income.
As the newly minted King Charles passes his fortune on to his son, he inherits a similar estate from his late mother, Queen Elizabeth II. The Duchy of Lancaster provides income to the reigning sovereign.
Nowadays one of his main sources of income is via the Duchy of Cornwall, which made profits of $26 million in 2020 and $24 million in 2021. According to Bloomberg, William will now earn $24 million a year from the Duchy of Cornwall.
Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times.
The national minimum wage in Australia is currently $18.29/hour (£9.95/hour). This is comparable to the national minimum wage in the UK, which stands at £7.83/hour. When looking at take-home pay, the average net salary after tax is $4088.13/month (£2,224.76) in London and $4277.05/month (£2327.57) in Melbourne.
As an Australian working in the UK, you are obliged to comply with the UK tax requirements. This is why you must obtain a National Insurance number upon your arrival, as this is a requirement for tax purposes. This is the equivalent of an Australian Tax File Number.
Commonwealth, Westpac, ANZ and National Australia Bank were all in the top 10, paying a combined $8.3 billion in tax. Woolworths won the supermarket wars in 2021, paying $636 million in tax off the back of higher revenue than rival Coles, which paid $445 million.
Collating numbers released in the IMF's quarterly update on foreign exchange reserves, RBC's Sydney-based fixed income strategist Michael Turner said it appeared China held around $130 billion of the $730 billion Australian Government and quasi-government bonds in the market.
In 2022 New Zealand contributed nearly $3 million to the Commonwealth Secretariat and just over $2 million to other Commonwealth organisations. This included voluntary contributions to: The Commonwealth Fund for Technical Cooperation (CTFC) – this fund supports technical assistance to developing countries.
Her Majesty leaves behind over $500 million in personal assets from her 70 years on the throne, which Prince Charles will inherit when he is crowned king.
“The Queen Consort, really, gets first choice of the Queen's jewelry. And after that is Princess of Wales, of course, Kate.
The Duke of Sussex's highly-anticipated memoir Spare has been officially published after days of leaks. Prince Harry and his wife Meghan no longer receive money from the Royal Family, and earn their income from commercial arrangements.
Like other ladies-in-waiting, she was not paid for the role and continued to serve the Queen until she died out of personal loyalty. When the late Queen was still travelling the globe in her role as Head of State, Lady Susan was by her side.
The Queen then agreed to pay their rent out of her own pocket. Kensington Palace officials explained: “The Queen is paying the rent for Prince and Princess Michael of Kent's apartment at a commercial rate of £120,000 annually, from her own private funds.
Traditionally, the Queen's death would have triggered a 12-day mourning period, but on the 9 September 2022, Buckingham Palace released a statement detailing that King Charles III has requested an extension, with the mourning period lasting until 7 days after Queen Elizabeth's funeral on 19 September 2022.
This edition of the Cost Of Canada's Constitutional Monarchy estimates that the general cost of the Canadian Crown in 2017-2018 was $62,438,557 or $1.68 per Canadian. In constant dollar terms, this represents an approximate increase of a little over 4.5 per cent.
Following the death of Queen Elizabeth II, there is no immediate impact on New Zealand's banknote, coins designs and cash used as a result of a change in sovereign. The Reserve Bank of New Zealand has revealed all existing coins and $20 banknotes in circulation featuring Her Majesty will remain legal tender.
$2.8m every few years. In addition, we also pay for the Royal tours, which come around every few years. The royal visit by Prince Charles, now King Charles III and wife Camilla in 2015 cost the New Zealand taxpayer $1.4m.