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How much does the Royal Family cost? Full list of key figures

The monarchy is funded through the Sovereign Grant. Recent reports indicate rising taxpayer costs and significant infrastructure spending. King Charles III has also disclosed personal tax payments for the first time.

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What changed

New data reveals the specific cost of Buckingham Palace renovations and the King's tax contributions.

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  1. Royal Family Funding and Expenditure Updates

    The monarchy is funded through the Sovereign Grant. Recent reports indicate rising taxpayer costs and significant infrastructure spending. King Charles III has also disclosed personal tax payments for the first time.

    What's confirmed:

    • The Sovereign Grant serves as the annual funding mechanism for the monarchy.
    • Buckingham Palace renovations are priced at £370m.
    • King Charles III is the first monarch to release tax payment details.

    Still unconfirmed:

    • Taxpayer funding for royals will rise to £138mn for Buckingham Palace works.
    • Public funding for the royal family is set to double to £100m by 2028.
    • King Charles III paid approximately £30 million in taxes since acceding to the throne in 2022.
    • King Charles III was among the top 100 taxpayers in 2024-25.
    confidence 80%