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If you are switching jobs:
"I'm leaving the business" is a phrase that will require plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative impact on your profession. You can find a working job offer you with another firm where the pay out is higher, but you remain not sure if that ongoing work place will undoubtedly be better then the current one. After all, it isn't all about the amount of money. Imagine if you change your mind later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and hire you back, nonetheless it is not guaranteed.
