thenews.com.pk 20 Sep, 2020 08:45 am

How Prince Harry, Meghan’s decision to quit royal family will benefit son Archie

How Prince Harry, Meghan’s decision to quit royal family will benefit son Archie
If Archie was inheriting from his mom Meghan, he would automatically qualify for $11.58 mn tax exemption

Prince Harry and Meghan Markle’s son 16-month-old Archie Harrison Mountbatten-Windsor could hugely benefit financially from the decision of his parents quitting the royal family and settling down in the United States.The Duke of and Duchess of Sussex stepped down as senior royals and first moved to Canada and then to the United States when their son Archie was less than a year old.According to a report published by the Daily Express UK, although the inheritance tax rate in Britain and the US is same at 40 percent, but in the United States, a tax-free allowance is a whopping $11.Also, Archie will benefit financially in the US by earning his own, however, if he was in the UK, he had to spend his whole time doing charitable work on behalf of the royals.

In addition to this whopping $11.Entertainment Sun, Sep 20, 2020 How much Prince Harry, Meghan’s decision to quit as royals will benefit their son Archie financially?

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