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  #41  
Old 25.07.2016, 23:19
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Re: 50% deduction from salary?????

the following might explain it.

monthly taxable gross = 15000 + 2000 + (2*20000/12) = 20833 as housing income and school fees are taxable benefits

on lohncomputer.ch with single income, married, 2 children, no church tax, this gives 5561 deductions per month

net income = 15000 - 5561 = approx 9500 per month

if there is an employee pension contribution and some employer specific deductions, this might go down to 7500 per month as net salary, but there still are the benefits which give you a net income of 13300 per month.
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  #42  
Old 25.07.2016, 23:39
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Re: 50% deduction from salary?????

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...After rent/insurance/school fees down to 7000CHF which is uk spending power £2900 much less than im used too.

Is it possible to live comfortably on these numbers?
I'm not sure about your maths? 7000 CHF is about 5400 GBP with today's exchange rate. If you can't live a very nice life off that, your idea of comfort must be far different from mine.
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  #43  
Old 26.07.2016, 00:00
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Re: 50% deduction from salary?????

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I'm not sure about your maths? 7000 CHF is about 5400 GBP with today's exchange rate. If you can't live a very nice life off that, your idea of comfort must be far different from mine.
OP is expressing their opinions regarding cost of living difference between UK and Switzerland.
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  #44  
Old 26.07.2016, 00:13
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Re: 50% deduction from salary?????

Yes sorry maybe should have been clearer. Zurich is 165% cost of living which is £2950 equivalent spending power.....be nice if I could work mon-fri and spend it back home though!
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  #45  
Old 26.07.2016, 00:21
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Re: 50% deduction from salary?????

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Hi,

Ok got to the bottom of it and the problem was 2 fold. An error in calculation from PWC and the also the way it was calculated ie schooling / housing incorporated then taxed then removed again gross from the final net total. So the poster who advised im unlikely to see the benefits is most likely correct, it will be paid direct meaning in real terms its 15,000 net pcm plus bonus. Looks like we may well take the plunge. Would you recommend it? After rent/insurance/school fees down to 7000CHF which is uk spending power £2900 much less than im used too.

Is it possible to live comfortably on these numbers?
After all bills like rent, health insurance, schooling, etc., are all covered then yes you can live comfortably (and it hurts me to say it) on CHF7k a month for disposable income.

You may even buy a fish or two once a week..
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  #46  
Old 26.07.2016, 00:34
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Re: 50% deduction from salary?????

Am I the only one who finds this post bizarre? I just wrote and deleted a long rant...maybe it's just me
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  #47  
Old 26.07.2016, 00:46
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Re: 50% deduction from salary?????

Sorry I've offended you, I'm clueless with Switzerland and got a fright last few days due to a bad calculation, again apologies but many thanks for all the help, feel free to delete the thread
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  #48  
Old 26.07.2016, 01:29
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Re: 50% deduction from salary?????

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Am I the only one who finds this post bizarre? I just wrote and deleted a long rant...maybe it's just me
No it's not just you...
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  #49  
Old 26.07.2016, 09:15
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Re: 50% deduction from salary?????

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Sorry I've offended you, I'm clueless with Switzerland and got a fright last few days due to a bad calculation, again apologies but many thanks for all the help, feel free to delete the thread
Seeing you're obviously earning such a fair whack, why don't you get on an aeroplane, come and visit for couple of days and see what things really cost.

With the money you have been offered, you can live very well indeed, may have to cut back somewhere a little but there are a lot more benefits to live than just $$$.

Living here, especially in Zug goes at a far slower pace than London, you have far less crime and general lack of maintenance, public transport that works well, a health service that is excellent, public schooling is good, not that you appear to need it.

Best of all, we don't have Jeremy Corbyn domination the front pages every day !
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  #50  
Old 26.07.2016, 09:27
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Re: 50% deduction from salary?????

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I'm not sure about your maths? 7000 CHF is about 5400 GBP with today's exchange rate. If you can't live a very nice life off that, your idea of comfort must be far different from mine.
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After all bills like rent, health insurance, schooling, etc., are all covered then yes you can live comfortably (and it hurts me to say it) on CHF7k a month for disposable income.

You may even buy a fish or two once a week..
But it's not another "Can I possibly survive on xxxK a year?" post.

The OP is trying to reconcile 1) what he thinks he should receive based on his researches with 2) what his employer is saying he will receive. The question would be just as valid if you divided all figures by 5, or multiplied them by 5.

Now IMO it would be easier to take this up with the employer and ask for clarification of how they arrived at their figure, but that's another matter.
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  #51  
Old 26.07.2016, 10:10
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Re: 50% deduction from salary?????

I am really curious what business does the OP work in and with how many years of experience.


I wonder why they split the income into base salary and all the allowances, like 20 000 per kid, 2 000/month for apartment. When you add it all up, you arrive at a very high total. I thought this level was reserved for board of directors members.
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  #52  
Old 26.07.2016, 11:02
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Re: 50% deduction from salary?????

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I wonder why they split the income into base salary and all the allowances, like 20 000 per kid, 2 000/month for apartment.
because allowances are cheaper for the employer as they are not relevant for pension contributions etc.
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  #53  
Old 26.07.2016, 11:20
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Re: 50% deduction from salary?????

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I am really curious what business does the OP work in and with how many years of experience.


I wonder why they split the income into base salary and all the allowances, like 20 000 per kid, 2 000/month for apartment. When you add it all up, you arrive at a very high total. I thought this level was reserved for board of directors members.
That's the second time you've asked. Maybe the OP doesn't want to say.

Certainly within Banking or Pharma it's a middle management salary. 10+ years of experience (that doesn't mean you would automatically get it after 10 years though). The housing and school allowance is rarer these days and is usually only offered if you are on an expat assignment like the OP is IE the expectation is you will spend two years in the role/country and then either leave or move to a local contract.

You can see how much the board members of public companies get remunerated. It is far more than CHF 250k
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  #54  
Old 26.07.2016, 11:31
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Re: 50% deduction from salary?????

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That's the second time you've asked. Maybe the OP doesn't want to say.
Sorry for being nosy, it's just curiosity.

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You can see how much the board members of public companies get remunerated. It is far more than CHF 250k
So here is an example. What am I reading wrong?

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Old 26.07.2016, 11:44
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Re: 50% deduction from salary?????

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I am really curious what business does the OP work in and with how many years of experience.


I wonder why they split the income into base salary and all the allowances, like 20 000 per kid, 2 000/month for apartment. When you add it all up, you arrive at a very high total. I thought this level was reserved for board of directors members.
Hasn't it now been ascertained that the 180 000 CHF was the total including the school fees and rental allowance thus making the base salary 116 000 CHF?

That's not really a very high salary but the OP has managed to get the generous expat allowances which are becoming quite rare tastes days.
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  #56  
Old 26.07.2016, 11:55
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Re: 50% deduction from salary?????

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Sorry for being nosy, it's just curiosity.



So here is an example. What am I reading wrong?

So that's the Swisscom annual report?

The board of directors is a supervisory function and don't work 100%. The CEO and executive board get paid a lot more and do work 100% (and in reality more). If you scroll down a few pages you will see that Urs Schaeppi was paid 1.8m in 2015.

Seems relatively low to me for a CEO, but I suspect that is driven by the company's public sector history.

Btw I know someone offered a middle management position at Swisscom at CHF 160k.
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Old 26.07.2016, 14:12
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Re: 50% deduction from salary?????

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Yes sorry maybe should have been clearer. Zurich is 165% cost of living which is £2950 equivalent spending power.....be nice if I could work mon-fri and spend it back home though!
Well housing is considerably cheaper in ZH than London, even if you stretch your definition of central London
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  #58  
Old 26.07.2016, 14:16
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Re: 50% deduction from salary?????

Hi,

Listen you guys have been a help, your quite correct I don't want to disclose the business as nothing is signed yet and maybe someone who works there is on here however it is on the board 180 base.

Looks like we are taking the plunge.

Where is the best place for expats ( although I'm very willing to try and integrate) my youngest is 5 and we may well send him to public ( heard very good things and considering the Meilen district , any ideas? Do the expat public schools have a higher percentage of English tuition?
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  #59  
Old 26.07.2016, 16:11
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Re: 50% deduction from salary?????

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Hi,

Listen you guys have been a help, your quite correct I don't want to disclose the business as nothing is signed yet and maybe someone who works there is on here however it is on the board 180 base.

Looks like we are taking the plunge.

Where is the best place for expats ( although I'm very willing to try and integrate) my youngest is 5 and we may well send him to public ( heard very good things and considering the Meilen district , any ideas? Do the expat public schools have a higher percentage of English tuition?
If the search function is down, report it to the mods.

(In case you missed it, that was a not so subtle hint that all your questions have been asked before)
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Old 26.07.2016, 16:29
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Re: 50% deduction from salary?????

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Do the expat public schools have a higher percentage of English tuition?
What is an "expat public school"?

Tom
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