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Old 31.10.2012, 20:11
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Taxes in Zug, I need advise

Hi everybody, I was offered a 80K contract from a company based in Zug. Let's say I accept and end up living in Zug, with a gross salary of 6667 CHF per month: what would that be after taxes? Would it be a decent amount for a nice living there? I am single with no kids. Thanks a lot for your help! Mik
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Old 31.10.2012, 20:17
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Re: Taxes in Zug, I need advise

Welcome to our Forum. Please try searching before you post a question that has been asked before.

Use this calculator, just give it a dummy present address,

http://www.homegate.ch/finance/calcu...efault&level4=
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Old 31.10.2012, 21:10
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Good luck living in Zug on that salary , no Idea what you do but the're having a laugh if they led you to believe that is a good salary in probably the most expensive place to live!
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Old 31.10.2012, 21:18
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Re: Taxes in Zug, I need advise

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Good luck living in Zug on that salary , no Idea what you do but the're having a laugh if they led you to believe that is a good salary in probably the most expensive place to live!
Seriously??? Is it that bad?? It is for a receivable accountant role... anyway I still did not get how much money I would have in my pocket after taxes. You mean that I would even struggle making it to the end of the month?? Jeez...
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Old 31.10.2012, 21:21
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Re: Taxes in Zug, I need advise

People choose Zug because taxes are low - but don't realise that everything is much more expensive. But for a single guy, I think it will be plenty all the same.

Country: Switzerland Median Salary by Job
Job
National Salary Data (?)
CHF 0CHF 50KCHF 100KCHF 150KSoftware EngineerCHF 88,793 Project Manager, Information Technology (IT)CHF 111,410 Sr. Software Engineer / Developer / ProgrammerCHF 95,886 SAP ConsultantCHF 104,226 Financial ControllerCHF 117,507 Mechanical EngineerCHF 81,638 Information Technology (IT) ConsultantCHF 94,801
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Old 31.10.2012, 21:23
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Re: Taxes in Zug, I need advise

so everyone in Zug earns more than 80K? sorry I hardly believe it...
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Old 31.10.2012, 21:29
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Re: Taxes in Zug, I need advise

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so everyone in Zug earns more than 80K? sorry I hardly believe it...
What`s your qualification and years of experience? Where are you coming from? 80k is not a lot but that doesn't mean its not right if you are just starting out.

You won't be living in a penthouse and drinking Kristal though for sure.
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Old 31.10.2012, 21:39
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Re: Taxes in Zug, I need advise

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What`s your qualification and years of experience? Where are you coming from? 80k is not a lot but that doesn't mean its not right if you are just starting out.

You won't be living in a penthouse and drinking Kristal though for sure.
I have more than five years experience and I am italian: I don't aim to living in penthouse or drinking Kristal - not every night at least ... I would just like to know if 80K is a joke or if one can actually consider the offer. To make you understand better: I currently earn 2500 euro netto per month, and that is for the moment OK (I am in Germany). Of course if I decide to change job I would like to go for what here would be like 3000 euro. I hope you've got a clearer picture now
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Old 31.10.2012, 22:20
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Re: Taxes in Zug, I need advise

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I would like to go for what here would be like 3000 euro. I hope you've got a clearer picture now
Supermarket staff here earn about the level of your target above, although 80k would give you a bit more than that. You also have to bear in mind that money is not the only reason for moving here. So you need to weigh up whether it is just the money and the job that is motivating you, or other reasons such as being close to the mountains and the lifestyle.
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Old 31.10.2012, 22:33
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Re: Taxes in Zug, I need advise

Single with no kids, assuming your are OK with a one bedroom flat, you should be able to get something for less than 2,000 a month. Health insurance, around about 300 a month... Tax you can calculate online, but I am guessing around about 700 a month (may be less, I don't think it will be more).

It's definitely doable if you don't spend a lot of money on social activities or shopping, but it will not give you a life of luxury.
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Old 31.10.2012, 22:41
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Re: Taxes in Zug, I need advise

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Supermarket staff here earn about the level of your target above
What?? A 5 years experience accountant earning a little more than a supermarket employee?? Those headhunters... "consider that the taxes in Zug are really low, you will end up earning a considerable amount of money..." Now it is clear, it was just bullshit... thanks for your advises guys (of course money would not be the only thing but hey, let's face it, it is an important factor when you live in such an expensive place.
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Old 31.10.2012, 22:55
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Re: Taxes in Zug, I need advise

http://www.michaelpage.ch/productsAp...ey_Finance.pdf

see page 42. Considering the minimum and maximum cover the whole of Switzerland and Zug/ Zurich are more expensive I would expect to be at least in the middle or more towards the top.

I dont know German costs of living to be able to compare.

You will survive on 80k and lead a decent life as a single guy but the salary seems a little low based on years of experience and the market.

You could give these guys a call and see if they look at your CV what they think you might be worth. They may have another offer?
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Old 31.10.2012, 22:58
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Re: Taxes in Zug, I need advise

If you're a qualified accountant with 5 yrs experience that's low.

Are you fully qualified with 5 yrs fully qualified experience?

Are you prepared to spend nearly 50% of your take home pay on health insurance and rent?
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Old 31.10.2012, 23:41
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Re: Taxes in Zug, I need advise

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Seriously??? Is it that bad?? It is for a receivable accountant role... anyway I still did not get how much money I would have in my pocket after taxes. You mean that I would even struggle making it to the end of the month?? Jeez...
Below is a rough calculation for you. Assumption is that you share an apt. If not add 1000 more per month. Work Lunch out 15chf, 50x2 meals out on weekends.
You need to add transport / clothing / trips / etc

Compare Vs your current situation and then decide. You should be okay if you live within a budget.

Rest would depend on growth prospects in the job and else where in CH once you are here

Gross
6666.7


AHV 5.15% 343.3
UI 1.10% 73.3
Acc Ins 1.20% 80.0
PF 5% 333.3
tax 11.1% 741.7
Net 5095.0


Rent 1500 Food 1100 Health Ins 160 Internet / Phone 100 Misc 200
3060
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Old 01.11.2012, 00:00
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Re: Taxes in Zug, I need advise

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Hi everybody, I was offered a 80K contract from a company based in Zug. Let's say I accept and end up living in Zug, with a gross salary of 6667 CHF per month: what would that be after taxes? Would it be a decent amount for a nice living there? I am single with no kids. Thanks a lot for your help! Mik
If you know your stuff, good accountants (not equal to aspiring controllers) are a rare commodity in these here parts. Suggest you get a current CV to a couple of agencies on some premise like thinking of joining GF/BF in CH and want to know how the market is/approx salaries.
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Old 01.11.2012, 12:54
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Re: Taxes in Zug, I need advise

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Gross
6666.7


AHV 5.15% 343.3
UI 1.10% 73.3
Acc Ins 1.20% 80.0
PF 5% 333.3
tax 11.1% 741.7
Net 5095.0


Rent 1500 Food 1100 Health Ins 160 Internet / Phone 100 Misc 200
3060
Thanks a lot!! This was exactly what I needed the only thing is that not all those points are clear to me, could you please tell me what they refer to? Thanks a bunch
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Old 01.11.2012, 13:05
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Re: Taxes in Zug, I need advise

Must say I think 1500 for rent in canton Zug is rather on the optimistic side. Ditto 160 for health insurance
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Old 01.11.2012, 13:10
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Re: Taxes in Zug, I need advise

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Hi everybody, I was offered a 80K contract from a company based in Zug. Let's say I accept and end up living in Zug, with a gross salary of 6667 CHF per month: what would that be after taxes? Would it be a decent amount for a nice living there? I am single with no kids. Thanks a lot for your help! Mik
80K is more than many people earn, but not a good salary by any means. Zug is expensive for renting, but I would say you will be fine on this salary.
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Old 01.11.2012, 14:06
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Re: Taxes in Zug, I need advise

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Hi everybody, I was offered a 80K contract from a company based in Zug. Let's say I accept and end up living in Zug, with a gross salary of 6667 CHF per month: what would that be after taxes? Would it be a decent amount for a nice living there? I am single with no kids. Thanks a lot for your help! Mik
You are stating the salary as a 12 month salary...it's very likely that you will get 13 salary payments per year and not 12.

These numbers are estimates but they should not vary more than 3-5% from your actual numbers

6667 CHF Gross

343 CHF Social Security
73 CHF Unemployment insurance
35 CHF Sickness insurance
240 CHF Pension contribution
297 CHF Taxes

5679 CHF is what your take home pay should end up being
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Old 01.11.2012, 14:08
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Re: Taxes in Zug, I need advise

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tax 11.1% 741.7

3060
Tax will not be anywhere near that
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