The 86-year-old Queen received 31 million pounds last year, but that will be increased to 36.1 million pounds in 2013-2014 financial year.

LONDON: Britain’s Queen Elizabeth II has been given a hefty pay hike of 5 million pounds for the current financial year to carry out her official duties.

The 86-year-old Queen received 31 million pounds last year, but that will be increased to 36.1 million pounds in 2013-2014 financial year.

Under the new arrangement, the Queen receives a grant equal to 15 per cent of the profits from the Crown Estate, calculated two years in arrears.