Prince Harry will receive £40million when he turns 30, after the Queen Mother handed out money to her great-grandchildren XNUMX years ago

Prince Harry will receive £8million when he turns 40 after the Queen Mother set aside a huge sum for her great-grandchildren 30 years ago.

A trust containing £19 million (€22 million) was set up in 1994 by Queen Elizabeth the Queen Mother, when Prince Harry was just ten years old, to be distributed among all her grandchildren.

They are said to receive the first payment on their 21st birthday and the second payment on their 40th birthday, with palace sources claiming Harry received a larger amount than William. Dailymail.

A former Palace aide told the Times: “There was a fund set up at the time. It was a way in which the Queen Mother could put money aside for when her great-grandchildren were older, and a way to pass on some of her wealth in a tax-efficient way.

They continued: "It was a way in which some of her wealth could be fenced off for them."

On the 21st, each brother would receive six million pounds (€7m), rising to £8m (€9m) on the 40th, which Harry will celebrate next week on the 15th September.

It was believed that Prince William and Prince Harry, along with their cousins, the Princess Royal's children, Zara and Peter Phillips, and the Duke of York's daughters, Beatrice and Eugenie, along with Princess Margaret's children, Viscount Linley and Lady Sarah Chatto. , would be the beneficiaries of the fund.

The fund was allegedly set up to help the Queen Mother pay any inheritance tax on her very generous gift to her great-grandchildren. /Telegraph/