Monty Python to split for good after shows

Monty Python's Michael Palin has said the comedy group's shows in London in July will be their last.

Monty Python's Michael Palin (L) has said the comedy group's shows in London will be their last. (AAP)

British comedy troupe Monty Python will split for good after their money-spinning reunion shows later in 2014, according to Michael Palin.

The veteran comedians announced plans in 2013 for a series of gigs in London in July 2014, and troupe member Palin is adamant the group has no plans to work together ever again after the residency at the O2 arena.

"It is entirely about money," he says. "I have only one wife, but John Cleese has had a few and Terry Jones has got a mortgage problem. I haven't got a huge amount (of money) stashed away.

"After the final concert we will all embrace and go our separate ways."