Investments  

Firm pays staff in gold to avoid impact of inflation

Parry said he himself has signed up to the gold scheme and the firm employs more than 20 staff who will be allowed to do so.

Paye taxes are applied as normal, with the exchange rate for gold to pounds taken into account.

As an example, a gross monthly salary that was previously £4,000 would be defined as 82,000 tally gross - 82,000 milligrams of gold - on their payslip. 

Digital marketing manager Ella Fraser said: “These days the price of everything seems to be going up, and young people are increasingly worried about the value of the pound in their pocket.

“I think it’s important for bosses to look at more innovative ways at helping their staff through these tough times, and having the option to agree your salary in tally is a great way of doing that.”

sonia.rach@ft.com 

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