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If you are switching jobs:
"I'm leaving the company" is a phrase that will require a lot of courage. When pronounced at the incorrect time or in the wrong way, it can have a very negative effect on your profession. You may get a job offer with another organization where the pay out is higher, but you remain uncertain if that work environment will undoubtedly be better then the current one. After all, it is not all about the money. Imagine if you change your brain later? After all, this is simply not an easy decision. Needless to say your boss can absolve you and consider you back, nonetheless it is not guaranteed.
