29.06.2017
In 2016, the Queen received £42.8 million ($54.6 million) from the state as tax-free income . The Queen's sovereign grant, the amount she receives from taxpayers, is calculated as a percentage of Crown Estate profits. Charles, Prince of Wales, heir to the throne, will also receive a 1.2 per cent pay increase to £20.7m ($AUD 35 million). He added: " Consider that against what the Queen does and represents for this country, I believe it represents excellent value for money ".