Deloitte - Benefits allowance. A part of my offer from Deloitte is benefits allowance. I wanted to know how is this useful and for what purpose can it be used for. Thanks

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I think taking extra annual leave is usually the most popular option. The other benefits are good but just not all that useful

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You can take it as cash or exchange it to buy extra annual leave, dental / health insurance, child care vouchers etc

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I just take the cash

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It varies by firm, but you typically you can choose to take it as cash or buy additional benefits. The benefits often include increased pension contribution, private health insurance, car buying schemes, etc.

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Is this standard?

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You get tax benefits if you use it to get a company car or other options

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It's essentially part of your base which they conveniently don't have to pay pension contributions on. Best to take as cash.

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