Korean Job Discussion Forums

[wes1989]

For those who choose to have housing allowance, does your school tax it or do they give you the exact number stated in your contract?

[Malislamusrex]

Any cash that is paid is classed as revenue. revenue is taxed. If your employer pays it directly to their landlord they will get taxed.

[Porksta]

But then you also earn pension on it, yes?

[wings]

Pension and severance are based on your salary exclusive of your housing allowance. That's why employers bother to separate the two.