Posted by
lzhk
13 yrs ago
My current monthly salary is based on two parts – the base salary and the housing allowance. Question: which amount of the salary is to be used for calculation of the redundancy package (base salary or both of base & housing allowance? Thanks
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lzhk
13 yrs ago
Thanks Punter/ any reference to this result?
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Depends.
Some salary are divided into Salary and Housing to offer tax incentives. So it ought to be S + H.
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In the employee's point of view, S + H is good. However in the employer's point of view it is S only.
Think about it, for a salaried employee, where is the bonus based on? Is it S + H, or S only? It's always based on the Salary only (as far as I know).
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Most employers talk about salary as total comp. The fact that part of it is paid in the form of rental reimbursment is purely to reduce the tax liability of the employee.
If you see a job advertised for (say) 100k a month do you view that as S or S + H ?
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lzhk
13 yrs ago
It could be interpreted as: S= net salary and S+H = Gross salary.
Does anyone know any regulation/ rule in HK about the definition of “salary” for calculating the package?
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