where do the english royalty get their money
Finances of the British royal family
In 2017 , the Paradise Papers revealed that the Duchy held investments in two offshore financial centres , the Cayman Islands and Bermuda . Both are British Overseas Territories of which Queen Elizabeth II is monarch , and nominally appoints governors . Britain handles foreign policy for both islands to a large extent , but Bermuda has been self - governing since 1620 . The Duchy 's investments included First Quench Retailing off - licences and rent - to - own retailer BrightHouse . Labour Party Leader Jeremy Corbyn posited that the Queen should apologize , saying anyone with money offshore for tax avoidance should `` not just apologise for it , ( but ) recognise what it does to our society '' . A spokesman for the Duchy said that all of their investments are audited and legitimate and that the Queen voluntarily pays taxes on income she receives from Duchy investments .
In 2017 , the Paradise Papers revealed that the Duchy held investments in two offshore financial centres , the Cayman Islands and Bermuda . Both are British Overseas Territories of which Queen Elizabeth II is monarch , and nominally appoints governors . Britain handles foreign policy for both islands to a large extent , but Bermuda has been self - governing since 1620 . The Duchy 's investments included First Quench Retailing off - licences and rent - to - own retailer BrightHouse . Labour Party Leader Jeremy Corbyn posited that the Queen should apologize , saying anyone with money offshore for tax avoidance should `` not just apologise for it , ( but ) recognise what it does to our society '' . A spokesman for the Duchy said that all of their investments are audited and legitimate and that the Queen voluntarily pays taxes on income she receives from Duchy investments .