Benefit Allowance

Money that a company or government agency provides to an employee for a specific purpose, such as transportation, healthcare costs or a flexible spending account. Benefit allowances administered to employees can be distributed through regular payroll.

Employers can use a benefit allowance to give employees flexibility in creating a benefits package that best meets their needs. Rather than imposing a particular healthcare plan on all employees, for example, the employer could offer a base plan plus a benefit allowance. The employee could use the benefit allowance toward supplemental benefits like dental insurance or coverage for dependents. Employers could also allow their employees to put a benefit allowance toward life insurance, disability insurance, vision care or any number of other benefits. Employees thus receive customized benefits and employers can offer a competitive benefits package that will help them recruit and retain top talent.


Investment dictionary. . 2012.

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  • allowance — al‧low‧ance [əˈlaʊəns] noun 1. [countable] an amount of money that someone is given regularly or for a special reason: • She earns a package worth $1 million, including a $15,000 clothing allowance. ˌcost of ˈliving alˌlowance [countable] HUMAN… …   Financial and business terms

  • Allowance — may refer to: *Allowance (money) *Allowances in accounting, see Accounts receivable *Personal allowance in the United Kingdom s taxing system * Jobseeker s Allowance, a term for unemployment benefit in the United Kingdom * EU Allowances… …   Wikipedia

  • Allowance (money) — An allowance is an amount of money set aside for a designated purpose.Because money is ever a scarce and valuable commodity, the general concept of one person who has the authority to decide what to spend it on (that is, who has the power of the… …   Wikipedia

  • benefit in the nature of indemnity — kompensacinė išmoka statusas Aprobuotas sritis kaimo plėtra apibrėžtis Teisės aktų nustatyta tvarka fiziniams ir juridiniams asmenims teikiama finansinė parama dėl nepalankių ūkininkavimo sąlygų, ekologinio ūkininkavimo įsipareigojimų,… …   Lithuanian dictionary (lietuvių žodynas)

  • allowance — Synonyms and related words: C ration, K ration, OK, abatement, acceptance, account, acknowledgment, adjustment, admission, agio, aid, alimony, allocation, allotment, allowing, annuity, apportionment, appreciation, appropriation, approximation,… …   Moby Thesaurus

  • allowance — n 1. amount, share, allotment, portion; given quantity, quota, ration, rate, stint. 2. grant, fellowship, scholarship, assistantship, stipend. 3. salary, pay, wages, hire, commission, sum, pittance, pin or pocket money; percentage, quarterage,… …   A Note on the Style of the synonym finder

  • allowance to member of armed forces — A benefit of one kind or another in addition to regular pay, such as subsistence, quarters, uniforms, and pensions. Waller v United States, 86 App DC 93, 180 F2d 194, 16 ALR2d 1328. It is sometimes in the nature of compensation, sometimes akin to …   Ballentine's law dictionary

  • Child benefit — (children s allowance) is a social security payment disbursed to the parents or guardians of children. Child benefit is means tested in some countries. Contents 1 Australia 2 Ireland 3 Japan 4 Swed …   Wikipedia

  • Housing Benefit — is a means tested social security benefit in the UK that is intended to help meet Housing costs for rented accommodation. The primary legislation governing Housing Benefit is the Social Security Contributions and Benefits Act 1992.[1]… …   Wikipedia

  • Jobseeker's Allowance — (JSA) is a United Kingdom benefit, colloquially known as the dole (or, in Northern Ireland Scotland, as broo).[1] It is a form of unemployment benefit paid by the government to people who are unemployed and seeking work. It is part of the social… …   Wikipedia

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