What is LOA and how much does in pay?
A LOA or Living Out Allowance is a non-taxable benefit sometimes paid to workers who are required to provide their own accommodation while working on a job. The amount varies by employer, by the geographical location and by the season as it is meant to cover the out-of-pocket expenses the employee incurs while working. Variables like the cost of hotel rooms, apartment vacancy rates and other cost factors help companies determine their LOA rate. It is generally not meant to be a bonus, but is intended to cover legitimate expenses incurred by employees who normally don’t reside in the region but come in to work on a project by project basis.
