Sovereign Grant Act 2011
UK act of Parliament / From Wikipedia, the free encyclopedia
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The Sovereign Grant Act 2011 (c. 15) is the Act of the Parliament of the United Kingdom that introduced the Sovereign Grant, the payment that is paid annually to the monarch by the government in order to fund the monarch's official duties. It is usually set as a percentage of annual income from the Crown Estate. The Sovereign Grant Act was the biggest reform to the finances of the British royal family since the inception of the Civil List in 1760.[1] In addition to the Sovereign Grant, the monarch continues to receive the revenue of the Duchy of Lancaster, while the Prince of Wales receives the revenues of the Duchy of Cornwall.
Quick Facts Long title, Introduced by ...
Long title | An Act to make provision for the honour and dignity of the Crown and the Royal Family; make provision about allowances and pensions under the Civil List Acts of 1837 and 1953; and for connected purposes. |
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Introduced by | Justine Greening, Economic Secretary to the Treasury (Commons) Lord Sassoon, Commercial Secretary to the Treasury (Lords) |
Dates | |
Royal assent | 18 October 2011 |
Commencement | 1 April 2012 |
Other legislation | |
Repeals/revokes | |
Status: Current legislation | |
Text of statute as originally enacted | |
Revised text of statute as amended |
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