Friday, 28 June 2013

The Pros and Cons of Getting a Housing Allowance

From www.bromsgrove.gov.uk
It's common in some countries, such as those in Asia and the Middle East, to get a housing allowance. There are advantages and disadvantages to getting a housing allowance. You might be also interested in reading the pros and cons of getting free housing.

Pros
  • Housing allowances are often added to your salary and if your housing is cheaper than what you're given for your allowance you can often keep the difference.
  • You can choose where you want to live and what type of housing you get.
  • It allows you to separate your work from your personal life.
  • You can decorate it and make it homey.

Cons
  • Since housing allowances are often added to your salary you may be taxed more.
  • You're responsible for your housing, so will have to buy anything you need or arrange to have things fixed yourself.
  • Your housing allowance might not be enough to pay the monthly rent or the key money so you might have to supplement it with your own money.
  • You have to deal with the landlord and your employer might not help you.

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