Peter Pang was employed by XYZ Company Limited at a monthly salary of $20,000 up to 30 June 2012. In addition to his salary, the company also paid him a housing allowance of $5,000 per month, but he actually lived in his own property on Hong Kong Island.

On 1 July 2012, Peter was promoted to manager with a revised monthly salary of $30,000. He moved into the company