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\t\tKing Charles III has revealed his tax bill. PA\t<\/p>\n\t\t\tFriday 26 June 2026 10:46 am\n\t\t\t<\/p>\n
\t\tKing Charles III has revealed his tax bill. PA\t<\/p>\n
Legal & General handles the King\u2019s staff pension schemes, official accounts have shown in disclosures of the monarch\u2019s financial activities.\u00a0<\/p>\n
In the first annual account of the King\u2019s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts<\/a> also uncovered details about his staff, investments and\u00a0 the royal household\u2019s financial reserves.\u00a0<\/p>\n The King paid \u00a312.9m in tax in the financial year between 2024 and 2025 while the heir to the throne, Prince William, paid \u00a37.76m.\u00a0<\/p>\n Charles III is the first monarch to publish his tax bill.\u00a0<\/p>\n Accounts also showed that public funding via a government grant to the Royal Household would double in three years to \u00a399.9m. The household received \u00a351.8m in 2024-25, with spending to fund cybersecurity and maintenance.\u00a0<\/p>\n The near-\u00a3100m grant is set to come after \u00a3137.9m will be spent the year before, mostly to complete a renovation of Buckingham Palace.\u00a0This comes as the government has tweaked the terms of a financial agreement<\/a> with the Crown Estate, the King\u2019s commercial<\/a> property and land arm, which put more cash aside for capital investment.<\/p>\n The Royal Household spent less than he received in income in 2024-25, allowing reserves to be topped up by around \u00a31m.\u00a0<\/p>\n Details in the Sovereign Grant annual report also revealed that the King would not move into Buckingham Palace and he would instead stay at Clarence House near The Mall.\u00a0<\/p>\n King\u2019s staff: Pay differences and pension perks<\/p>\n Details about the King\u2019s staff also suggest that payroll costs for the King jumped due to an increase in employees and a rise in the national living wage in April 2024.\u00a0<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tKing Charles to publish tax bill for \u2018transparency\u2019<\/a><\/p>\n There was also a rise in housekeeping and hospitality costs between 2024 and 2025 as the King put on more catered events.\u00a0<\/p>\n The median pay for staff working for the King was \u00a334,766. The lower quartile of staff was \u00a328,810 in the year while some courtiers on a committee that organise state visits, garden parties and receptions were paid up to \u00a3230,000.\u00a0<\/p>\n The cost of full-time staff was \u00a320m in 2025, according to the King\u2019s accounts, while the number of employees rose to 539 people.\u00a0<\/p>\n Documents revealed that workers have been auto-enrolled into a pension scheme handled by Legal & General, with the monarch\u2019s activities contributing 15 per cent of salaries into the fund. The Royal Household paid in \u00a33m over 2024-25.\u00a0<\/p>\n Tax disclosure questioned<\/p>\n Dan Neidle, of Tax Policy Associates, has questioned the \u201cpoint of this exercise\u201d in disclosing the tax bill<\/a>.<\/p>\n He said there were questions over how the King separates official and personal expenses, adding there remained problems around transparency. He suggested the King should receive less cash and not pay tax rather than disclose his payments into government coffers.\u00a0<\/p>\n Stephenson Harwood partner James Quarmby said the King had \u201cno obligation\u201d to disclose his tax bill.\u00a0<\/p>\n \u201cIf I were him, I would have kept schtum,\u201d Quarmby said amid some criticism about his tax affairs.\u00a0<\/p>\n \t\t\t\t\tRead more<\/p>\n