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Reuters reported an industry source as saying that workers at the US bank's office in the City would have their pay restrained due to the fact that all bonuses over £25,000 are subject to a 50 per cent levy.
The move may leave some of Goldman's 5,500 UK personnel looking for ways to earn extra money.
Chief financial officer at the bank David Viniar admitted that the tax was taken into consideration when the firm was making a decision regarding how much money to set aside for staff compensation.
It allocated nothing in the fourth quarter, meaning the total pool for 2009 stood at $16.2 billion (£10 billion), considerably less than the $22 billion that had been expected.
Other financial sector workers who could be looking for ways to supplement their income include those at Lloyds Banking Group, which announced another 585 job cuts earlier this week.
Posted by Greg Secker
