Very well put!
And to answer your question, you are missing absolutely nothing!!
Of course there are those amongst us quoting the company line of accomodation and schooling and the really interesting one about it being tax free!
I suppose you live in your own home? And are your kids educated? Dont worry I will answer for you. YES
Plus your home is valued in Sterling and will continue to rise at market value.
Your kids will probably go to university in the UK one day, we will have to send them across and end up commuting to and fro to see them. But hey, I am a 380 pilot. WOW!! ( No Sarcasm intended. Yeah Right)
If you do not have to leave your present job, dont waste your time. It's not worth it both financially or proffessionaly.
Regards