How are The Prince and The Duchess's official activities funded?
The vast majority of Their Royal Highnesses’ activities are paid for out of The Prince’s income from the Duchy of Cornwall, the private estate which historically has always provided financial support for the Heir to The Throne since it was founded in 1337.
The Prince voluntarily pays tax, at the higher rate of 50 per cent, on this income. He chooses to spend the majority of his after-tax income to support his and The Duchess’s working activities and those of The Duke and Duchess of Cambridge and Prince Harry. The income also funds his personal spending.
In four specific areas, public money is used to support The Prince and The Duchess. These are: security costs; travel when Their Royal Highness fly or go by train to and from official engagements; property maintenance on royal residences; and a small annual sum to support communications costs.
These and other financial figures are published every year in the Annual Review.