When Prince Harry and Meghan Markle’s engagement was announced last year, Kensington Palace confirmed that the former Suits actress would be becoming a UK citizen, while retaining her US citizenship in the interim.
The hitch? All Americans are required to pay income tax, even if they reside outside the USA, so any earnings Markle makes from the UK will be subject to US taxes. This means it’s unlikely that she’ll receive any of Prince Harry’s fortune after they get married, as she’ll be asked to pay tax on it.
As Royal Expert Marlene Koenig told the Sun: ‘Even when married to a member of the British royal family, as long as she remains a US citizen she will have to pay income tax. If she has investments in the United States, say for example a retirement plan that she set up, if that's making money, she would have to pay up.
‘This is even on money earned outside the United States. If she receives money from her husband or his family, and that's considered income, she would have to pay income tax on that.’
Markle’s future husband received a sizeable inheritance following the death of his mother Princess Diana in 1997, including half of her £21.5 million estate and a £3.5million annual allowance which he shares with the Duke and Duchess of Cambridge. It is also possible that he receives more money from other royal trusts that we don’t know about, including one from the Queen. Markle is estimated to be worth £3.7 million.
So does this mean that Markle won’t be receiving any money from Prince Harry? Not officially – but we doubt she’ll be strapped for cash…
Scroll down to see who might be Markle's bridemaids...
Fellow actress Janina Gavankar has known Meghan for 15 years, with the Suits star recently gushing about their friendship in an Instagram post that read: 'Couldn't be prouder of how far we've come, and couldn't be more grateful for being able to share every step of it with you.' As a long-term pal and as someone in the same industry as her, she's got a good chance of being in the bridal party.