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Old 30.12.2015, 17:08
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Net salary (once again)

Hi,

I have gone through this forum a couple of times but I cannot find the answers on my questions (though they are most likely asked a thousand times before).

I have been offered a job in Switzerland, positioned either in Zurich or Basel. The salary is 100k with an extra bonus of 20k.

I have tried to understand the swiss tax system but as I am coming from Sweden, where the state take (poorly) care of everything, I am not sure that my calculation is right.

If payed 100´000 a year, this will result in about 7200 CHF net a month after ALV, BVG and all the other three letter combinations? It seems like a a lot of tax/other mandatory costs.

Above calculation is based on Basel Land.

I have tried all the calculators etc but they are all showing different results.

Thank you for a great forum!
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Old 30.12.2015, 17:14
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Re: Net salary (once again)

Welcome Scania.
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Old 30.12.2015, 17:14
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Re: Net salary (once again)

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If payed 100´000 a year, this will result in about 7200 CHF net a month after ALV, BVG and all the other three letter combinations? It seems like a a lot of tax/other mandatory costs.
Sounds about right, then there is income tax as well.

Tom
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Old 30.12.2015, 17:16
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Re: Net salary (once again)

Hi,

If the bonus is guaranteed, ask to have it spread across the year. You'll pay a lot less tax on it.
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Old 30.12.2015, 17:21
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Re: Net salary (once again)

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Sounds about right, then there is income tax as well.

Tom
Yes, don't forget you'll need to pay income taxes on-top, which will also take into account the bonus. And be careful with the bonus bit if not guaranteed - it can come and it can go...
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Old 30.12.2015, 17:26
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Re: Net salary (once again)

Just a comment:
If you're paid more than CHF 120'000, then you're normally subject to normal income taxation for Baselland.
If you're paid less than CHF 120'000, then you're subject to Quellensteuer (source tax) for Baselland.
Quellensteuer is generally more expensive than normal income taxation.
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Old 30.12.2015, 17:41
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Re: Net salary (once again)

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Just a comment:
If you're paid more than CHF 120'000, then you're normally subject to normal income taxation for Baselland.
If you're paid less than CHF 120'000, then you're subject to Quellensteuer (source tax) for Baselland.
Quellensteuer is generally more expensive than normal income taxation.
I don't think tax at source is more expensive on average 100k at source will be equal to about 85-90k after standard deductions normal tax
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Hi,

If the bonus is guaranteed, ask to have it spread across the year. You'll pay a lot less tax on it.
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Old 30.12.2015, 18:06
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Re: Net salary (once again)

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The salary is 100k with an extra bonus of 20k.
finally we have someone earning the exact amount!
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Old 30.12.2015, 19:59
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Re: Net salary (once again)

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Yes, don't forget you'll need to pay income taxes on-top, which will also take into account the bonus. And be careful with the bonus bit if not guaranteed - it can come and it can go...
Thank you all for the answers!

But I thought that 7200 was all taxes + pensions etc?

As we are a small family this seems very low considering the cost of living in Switzerland (day care etc).
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Old 30.12.2015, 20:22
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Re: Net salary (once again)

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I have been offered a job in Switzerland, positioned either in Zurich or Basel. The salary is 100k with an extra bonus of 20k.
Try https://en.comparis.ch/steuern/quell...r/default.aspx for the amount of money that you will receive _in your account_.

Following that, go to https://en.comparis.ch/krankenkassen.../input/wohnort to identify the cost of health insurance _per person_ you will incur (dependent on location of residence); keep in mind that the franchise system in Switzerland would mandate that you build up some reserves, just in case.

The monetary amount you have left then will have to suffice to support
- cost of accomodation (e.g. rent, supplementary cost of rent, electricity, Billag)
- paying into privately funded pension schemes ("3. Säule" - the Swiss pension system is built on three pillars, the first one of which is state-driven, the second by your employer, and the third one by yourself)
- general cost of living (e.g. food, cost of communication / Internet, cost of mobility)

The (non-English) site http://www.budgetberatung.ch/Budgetberatung.2.0.html is rather helpful to provide some very rough figures for monthly cost of living.
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Old 30.12.2015, 20:22
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Re: Net salary (once again)

I don't know, what is above 95k. But bellow: You'd always calculate with 10% of taxes. Normally the 12th salary is good to pay taxes.
Yes, with a family this salary is not high to live in Switzerland.
When you are a single you should calculated like this:

The rent of your flat should not be more than 1/3 of your income. Then, always have a look of cheapest assurances.

To have a live at the lovest level in switzerland, you should earn 3000CHF as a single.

Good luck
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Old 30.12.2015, 20:26
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Re: Net salary (once again)

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cost of living in Switzerland (day care etc).
From my point of view, the most basic cost of living ("food only") in Switzerland is not too bad (excepting rent).

Unfortunately, there are two areas where Switzerland ... excels ... in making family life expensive:
  • child care
  • going out (restaurants, bars etc)

If you can do without either of these, you will be very fine indeed.
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Old 30.12.2015, 20:37
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Re: Net salary (once again)

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Thank you all for the answers!

But I thought that 7200 was all taxes + pensions etc?

As we are a small family this seems very low considering the cost of living in Switzerland (day care etc).
This is my calculation of your net monthly income:

Income CHF 8'333
AHV -429 5.15%
ALV -92 1.1%
BVG -500 6.0%
Net 7'312
Income tax -487 per comparis.ch
Child Allowance 200
Net monthly income 7'025

Assumptions: Salary CHF 100'000 payable 12 times per year, living in Baselland, paying Quellensteuer, married, one child under 16. BVG is approximate (depends on the company). Not included are possible costs for accident insurance (SUVA) and short-term disability (KTG), which employer may or may not pay. And, last but not least, this calculation is "ohne Gewähr".
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Old 30.12.2015, 20:47
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Re: Net salary (once again)

Tages-Anzeiger lists taxable incomes for Baselland as:

Median: CHF 51'700
Mean: CHF 63'675

Your taxable annual income is about: CHF 87'744 (12 x CHF 7'312).

http://blog.tagesanzeiger.ch/datenbl...r-ziehen-davon
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Old 30.12.2015, 21:06
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Re: Net salary (once again)

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Not included are possible costs for accident insurance (SUVA) and short-term disability (KTG)
Accident insurance coverage for the employed person is guaranteed with more than 8 hours of work / week. What I forgot about is (potentially) accident insurance for the rest of the family, per person (which might be desirable on top of health insurance).

KTG is of concern to the employer, mostly / largely. More details at http://www.kmu-businessworld.ch/de/c...sten-absichern
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Old 30.12.2015, 21:10
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Re: Net salary (once again)

For a family its going to be tight. Forget daycare etc unless your wife gets a good job as well. Cost for daycare is approx 2'400 CHF/month per child.

Rent will be around 3'000 CHF give or take. Etc etc.

I would still come though. If you are in it for the long term, the future in Switzerland looks a lot brighter for a family than Sweden.
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Old 30.12.2015, 21:18
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Re: Net salary (once again)

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I would still come though. If you are in it for the long term, the future in Switzerland looks a lot brighter for a family than Sweden.

Strange... those times I'm thinking over going to Sweden, because swiss is on the way downhill....And now, hearing this, please, tell me, why do you think so?
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Old 30.12.2015, 23:25
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Re: Net salary (once again)

Once again, thank you everyone! I really appriciate it! Looks like I will have to take a discussion regarding the salary. I wish you all a happy new year!

Kondi/Tilia,
Well, Sweden is an amazing country. We have had the highest living standard in the world at one time. Top ranked schools, healthcare, safety, etc etc. Now we are the rape capital of the world, we have areas where the police dont even enter and a collapsed economy with a real unemployment rate of 15% (but only 5-6-7% when counting everyone involved in activities arranged by the swedish unemployment agency).
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Old 30.12.2015, 23:28
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Re: Net salary (once again)

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......real unemployment rate of 15% (but only 5-6-7% when counting everyone involved in activities arranged by the swedish unemployment agency).
15% should be 20-25%. I had to check
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Old 30.12.2015, 23:50
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Re: Net salary (once again)

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Income tax -487 per comparis.ch
Damned cheap, closer to 1200/month around here.

Tom
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