Last year, the kitty set aside for the office of Prince Harry and her wife Meghan Markle totaled to $104 million. However, the couple recently announced their intention to become independent of public funds. This comes after their expected withdrawal as members of royal family seniors. The couple may reap a lot from the decision, although this does not seem to happen any time soon.Queen Elizabeth, who was among the most disappointed with their decision of all, said in a statement that they would require a transition period.
Although they seek what Prince Harry terms as financial independence, they still intend to use the public funds to cater for the trips they make when the Queen requests. In their announcement, the two declared they would continue to support the Queen fully.The royal Sussexes may further not be able to break from the tax payer’s coin if their wish to continue using the Frogmore cottage materializes. The duo said they would continue to use the cottage which is newly renovated if they are allowed.
When Telegraph shared the feelings of some people about the Prince’s decision, there were mixed feelings with some criticism and praises for the royal Sussexes. Some were specific about the Frogmore Cottage, demanding that the tax payer’s millions spent on it to be returned if Prince Harry and Meghan Markle were allowed to remain in the Cottage.The renovations were payouts from the sovereign grant allocated to the Queen by the government every financial year. Reports indicate that 2.4 million pounds had been used from the grant to finance the renovations.
The meeting scheduled with Canadian tax authorities is an obstacle to Prince Harry’s dream of achieving financial freedom. The tax authority of Canada details the prince with the financial penalties applicable in various scenarios. Besides, it includes a problematic Megxit forcing the couple to shift to North America permanently. They will however, have a soft Megxit, where the Sussexes could opt to split their time in off Britain and in Britain.The latter also means Prince Harry and Meghan Markle will still have their royal duties active, and this draws them back to accessing public funds to perform the royal functions.
As Town and Country Mag reports, there is a real estate portfolio, Duchy of Cornwall, that provides income to Britain’s heir. Prince Charles allocates his heirs William and Harry a tune of five million pounds every year, and it is not likely that Prince Charles would leave Harry without a coin of the income. However, Prince Charles in a statement has cleared the air that their agreement concerning the money would come up after a final stand about the couple’s future roles is reached.