The privy purse refers to the funds allocated for the personal use of the king or queen of England, distinct from the finances used for governing the country.
In English law, the privy purse refers to the income set aside for the personal use of the sovereign. For instance, Queen Elizabeth II receives an annual privy purse of approximately £82 million, which she can utilise for her personal expenses like clothing, travel, and entertainment. This example demonstrates that the privy purse is distinct from the sovereign’s official duties and is solely intended for their personal expenditures. It is worth noting that the privy purse is not funded by taxpayers but is derived from the Crown Estate, a compilation of properties and assets owned by the monarch.
A Privy Purse is a sum of money granted to a monarch or other high-ranking official for their personal expenses.
Typically, only monarchs or members of royal families are entitled to a Privy Purse.
The amount of a Privy Purse is usually determined by the government or other governing body, and may be based on factors such as the individual’s rank or position.
Yes, a Privy Purse is generally considered taxable income and must be reported on the recipient’s tax return.
In some cases, a Privy Purse may be revoked or reduced if the recipient is found to have engaged in misconduct or other inappropriate behavior.
In some cases, a Privy Purse may be inherited by a monarch’s successor or other designated individual.
Yes, a Privy Purse is intended to cover the recipient’s personal expenses, such as clothing, travel, and entertainment.
While a Privy Purse is primarily intended for personal expenses, some recipients may choose to use a portion of the funds for charitable purposes.
The duration of a Privy Purse may vary depending on the individual’s position or rank, but it is typically granted for life.
In some cases, the amount of a Privy Purse may be subject to public disclosure, particularly if the recipient is a public figure or government official.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/privy-purse/
- Modern Language Association (MLA):Privy Purse. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/privy-purse/.
- Chicago Manual of Style (CMS):Privy Purse. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/privy-purse/ (accessed: May 09 2024).
- American Psychological Association (APA):Privy Purse. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/privy-purse/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts