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If you are switching jobs:
"I'm leaving the business" is a phrase that will require lots of courage. When pronounced at the incorrect period or in the wrong way, it can have a very negative impact on your career. You can find a job offer with another company where the pay out is higher, but you are still not sure if that ongoing work environment will undoubtedly be better then your current one. After all, it is not all about the amount of money. Imagine if you later on change your mind? After all, this is not a straightforward decision. Of course your boss can absolve you and hire you back, nonetheless it is not guaranteed.
