King Charles is set to receive a more than $87 million pay rise from the public purse for the 2025-26 financial year. The jump is a more than 50 per cent increase in year-on-year income for the monarch.
The money has been granted in large part for finishing Buckingham Palace renovations, due to be completed this year.
The increase comes after profits earned by the crown estate doubled last year. The monarch is currently entitled to 12 per cent of crown estate profits, down from the 25 per cent they are usually entitled.
The amount will be assessed again ahead of 2026-27 to ensure it is at an “appropriate level”.
Michael Stevens, the Keeper of the Privy Purse, said the sovereign grant will likely be reduced again after the renovations are complete.
“A reduction in the absolute amount of the sovereign grant will be sought as part of the royal trustees review in 2026-27, through primary legislation,” he says.
Do you think this amount seems fair? Should there be a more consistent funding arrangement for the royals?
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