Go Back   English Forum Switzerland > Living in Switzerland > Daily life  
Reply
 
Thread Tools Display Modes
  #1  
Old 09.06.2012, 09:26
Newbie
 
Join Date: Jun 2012
Location: India
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Hayab has no particular reputation at present
Is a yearly 55000 swiss franc salary good enough?

Hi,

I have been offered a job in Zug/Baar with an annual salary of 55000 swiss franc, aprox 4500 per month. My employer will also provide me with a House and Education for my Children. Wanted to know if 4500 per month is good enough given the fact that my expenses/rentals toward accomodation and children eductaion would be take care off by my employer? Feedback from anyone would be really helpful.

Thanks,

Hayab
Reply With Quote
  #2  
Old 09.06.2012, 09:35
Senior Member
 
Join Date: Oct 2007
Location: SZ
Posts: 432
Groaned at 3 Times in 2 Posts
Thanked 349 Times in 184 Posts
dmarkd has earned some respectdmarkd has earned some respect
Re: Is a yearly 55000 swiss franc salary good enough?

Quote:
View Post
Hi,

I have been offered a job in Zug/Baar with an annual salary of 55000 swiss franc, aprox 4500 per month. My employer will also provide me with a House and Education for my Children. Wanted to know if 4500 per month is good enough given the fact that my expenses/rentals toward accomodation and children eductaion would be take care off by my employer? Feedback from anyone would be really helpful.

Thanks,

Hayab
Difficult to say, without knowing exactly what your package includes i.e. just your monthly rent? All bills covered, including health insurance etc etc.
Reply With Quote
  #3  
Old 09.06.2012, 09:40
Rangatiranui's Avatar
Forum Veteran
 
Join Date: Nov 2007
Location: Baden region
Posts: 2,182
Groaned at 14 Times in 13 Posts
Thanked 2,464 Times in 1,086 Posts
Rangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond repute
Re: Is a yearly 55000 swiss franc salary good enough?

If the employer is funding accommodation and education, then this is effectively for food, clothes and "pocket money".

Assuming you "should" be paying about 3500/month, in rent, 20,000 a year per kid education (at the international schools).

You'll be fine. As long as you dont plan on eating every meal in a restaurant.


And welcome to the forum.
Reply With Quote
This user would like to thank Rangatiranui for this useful post:
  #4  
Old 09.06.2012, 09:42
ngoamlb's Avatar
Newbie 1st class
 
Join Date: May 2011
Location: Adliswil
Posts: 21
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 3 Posts
ngoamlb has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

Another thing to now is who picks up the tax on the benefits? If you get the tax on another ~5k PCM of benefits ontop of the spending money, this will also need to be budgeted.
Reply With Quote
  #5  
Old 09.06.2012, 09:48
Newbie
 
Join Date: Jun 2012
Location: India
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Hayab has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

I get 55000 swiss franc + House +Children Education + Medical Expenses borne by the compnay + Car+ once in two year air tickets for ma and my family back to my home country.
Reply With Quote
  #6  
Old 09.06.2012, 09:55
Newbie
 
Join Date: Jun 2012
Location: India
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Hayab has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

Thanks Ngoalmb/Rangatiranui.

The taxes would be borne by the employer. If that helps in answering my question.
Reply With Quote
  #7  
Old 09.06.2012, 10:15
17clarence's Avatar
Forum Veteran
 
Join Date: May 2008
Location: Geneva
Posts: 767
Groaned at 15 Times in 12 Posts
Thanked 965 Times in 440 Posts
17clarence has a reputation beyond repute17clarence has a reputation beyond repute17clarence has a reputation beyond repute17clarence has a reputation beyond repute
Re: Is a yearly 55000 swiss franc salary good enough?

Certainly in the scenario you mention, the package seems fine.
The salary is lowish mind you, but the package makes up for it.
It also is a nice and simple inroad into Switzerland/EU, if you have no other.

Whether you are 'underpaid' (compared to the locals) or not in the final analyses depends greatly on the job you will do but also, what're your alternatives?

It could be this package is bang on the mark as your employer may be setting these expenses against their own tax bill, allowing them to pay you the going rate for your final take home pay.

There are a great many Indians in CH, and plenty on here, I'm sure you'll get plenty of advice. Good luck.

Last edited by 17clarence; 09.06.2012 at 10:23. Reason: grammer
Reply With Quote
  #8  
Old 09.06.2012, 10:57
Forum Legend
 
Join Date: Jun 2008
Location: Switzerland
Posts: 8,638
Groaned at 312 Times in 239 Posts
Thanked 19,821 Times in 6,911 Posts
k_and_e has a reputation beyond reputek_and_e has a reputation beyond reputek_and_e has a reputation beyond reputek_and_e has a reputation beyond reputek_and_e has a reputation beyond reputek_and_e has a reputation beyond repute
Re: Is a yearly 55000 swiss franc salary good enough?

The package is definitely not bad but it is best to clarify if your benefits are taxable as it will influence your net salary. Ask your employer for a gross to net calculation that includesthe benefits.
Reply With Quote
  #9  
Old 09.06.2012, 14:09
Forum Veteran
 
Join Date: Mar 2010
Location: Lyss
Posts: 910
Groaned at 37 Times in 29 Posts
Thanked 883 Times in 434 Posts
glinaa has a reputation beyond reputeglinaa has a reputation beyond reputeglinaa has a reputation beyond reputeglinaa has a reputation beyond repute
Re: Is a yearly 55000 swiss franc salary good enough?

The package sounds good, but be rather careful with this offer - public education is free in Switzerland so this might as well be just a trick. Or was your employer specific that this would be an international school?

You might once want to change the car, the medical coverage or just move house, and having 55000 for the whole family is simply not a lot. I'd rather be in control of my funds so I'd like to know what is the base salary without all the extras.

What is the job postiion if I may ask?
Reply With Quote
  #10  
Old 09.06.2012, 14:24
HAT's Avatar
HAT HAT is offline
Forum Veteran
 
Join Date: Sep 2006
Location: Zurich near Zug
Posts: 1,249
Groaned at 82 Times in 48 Posts
Thanked 703 Times in 373 Posts
HAT is considered knowledgeableHAT is considered knowledgeableHAT is considered knowledgeable
Re: Is a yearly 55000 swiss franc salary good enough?

From my experience, if you tally up everything (assuming you need to pay tax on it all), anything above 80kchf per year is "ok, can get by", anything above 120kchf is middle-class.
Reply With Quote
  #11  
Old 09.06.2012, 15:05
Member
 
Join Date: Sep 2011
Location: Thalwil
Posts: 132
Groaned at 1 Time in 1 Post
Thanked 33 Times in 24 Posts
RunningHermit84 has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

I don't know if the OP mentioned it already, but is the 55,000 Francs per year salary before or after taxes? Kanton Zug has pretty low taxes, but the amount of disposable income changes if the salary is untaxed. Just curious.
Reply With Quote
  #12  
Old 29.06.2012, 23:06
Newbie
 
Join Date: Apr 2012
Location: Zurich
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
tobyonecenoby has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

Hi Hayab

I would strongly advice to consult a salary calculator. There are different aspects to compare (age, region, function, branch etc...) The best one is from my perspective http://www.lohncheck.ch. everything is for free, and you don't need to leave your adress to see the salaries (as in other calculaors)...

regards Tobias
Reply With Quote
  #13  
Old 01.07.2012, 13:20
Newbie 1st class
 
Join Date: Jun 2012
Location: Zürich
Posts: 12
Groaned at 1 Time in 1 Post
Thanked 0 Times in 0 Posts
sansan has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

55k is good enough to live here in switzerland. Anything over 50k is livable, you just have to adapt your budget.
Reply With Quote
  #14  
Old 01.07.2012, 13:27
Pachyderm's Avatar
Forum Veteran
 
Join Date: Feb 2012
Location: Zurich
Posts: 1,549
Groaned at 76 Times in 55 Posts
Thanked 3,384 Times in 1,156 Posts
Pachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond repute
Re: Is a yearly 55000 swiss franc salary good enough?

Quote:
View Post
55k is good enough to live here in switzerland. Anything over 50k is livable, you just have to adapt your budget.
If the 55K is on top of accommodation and school expenses, it is actually quite comfortable. Not luxurious, but comfortable.
Reply With Quote
  #15  
Old 01.07.2012, 15:23
sashimiso's Avatar
Forum Veteran
 
Join Date: Sep 2011
Location: riehen
Posts: 549
Groaned at 58 Times in 30 Posts
Thanked 414 Times in 224 Posts
sashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputationsashimiso has an excellent reputation
Re: Is a yearly 55000 swiss franc salary good enough?

Quote:
View Post
Another thing to now is who picks up the tax on the benefits? If you get the tax on another ~5k PCM of benefits ontop of the spending money, this will also need to be budgeted.
and this is a very good point... be sure to note that the allowance for school (wait, where are you from?) will have to be billed as taxable income. My colleague got 35k a year for his two kids and had to declare it all in the US. This will set you back some to be sure to put money aside for it every month.
Reply With Quote
  #16  
Old 03.07.2012, 20:34
bbcenter's Avatar
Newbie
 
Join Date: Jan 2012
Location: Gilly
Posts: 6
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 1 Post
bbcenter has no particular reputation at present
Re: Is a yearly 55000 swiss franc salary good enough?

Lessones Learned:

Just moved here in December of last year. Won't mention my salary but much higher than 55K and I find Swiss living to be quite challenging especially coming from the US. I don't know all of the areas but a good site to get information is comparis.ch.

It it great that housing and schooling is paid for but here are a few bits of what I learned:

- Public school is free but your child will have to learn French and maybe German depending on their ages. I went to one public school and no one their spoke any English. If you choose this option consider that the fist several months will be focused on learning the language not other subjects.
- International schools, for middle school is more like 30k-40k CHF by the time you pay all the fees. My company also covers but only tuition. College Du Leman, 350 to apply, 3000 when accepted (mandatory donation), 1000 every 3 months for lunch, 1250 every 3 months for bus service, then there's the books and supplies ~600, and the trips; which aren't mandatory but cost anywhere from 350-750.
-Govenrment pays you a monthly stipend for having chldren; which is a nice perk. Your companies' HR will discuss with you.
-Salary withholdings - details can be found at comparis.ch and is based where you live but typically 30%
-Motorway Tax - came with my car but think it's like 130 yearly
-TV/Rdio Tax - haven't gotten that bill yet
-Car Insurance - varies but ~ 1500 a year
-Bike Tax - haven't gotten that bill yet
-Garbage Tax- haven't gotten that bill yet
-Canton registration fee - 120
-Driver license - 45
-To mail a letter 1.00 and up
-Usually when renting, utilities and car park is separate - verify if this is also covered by your company. You will most likely have to pay a deposit to cover any utility overages.
- Usually not included in lease is electrical, phone and cable but you may find this.
- Cable/Internet: a few options, but very few English speaking channels. Swisscom forces you to get a land line even if you don't want it unless you also get tv or cell phones through them (~95/mo)
-If you want TV in multiple rooms usually have to pay more for this. Contracts are for generally for 2 years. (Swisscom wanted 160 CHF to install the wireless connectors)
- Cell phones - got two iphones and had to pay 750. 2 year contracts that Note: you can't down grade services for the length of the contract but you can upgrade. Internation plans to me are horrible. I would definetly look into an internet service. (~120/mo). I use magic jack to call to the US. device cost $79, plugs into the wall and has an app on my cell.
- leasing a car - don't know about everywhere but I had to put 20% down and max term is 4 years.
- you have to have summer and winter tires and pay to have them changed twice a year. I just paid 120 which is crazy so I need to find a cheaper place.
Laundry services - many of the newer places have hook us in the home - -You have to pay an electrician to hook it up though. If you use the common laundry facilities, the drier is the most costly to me. 2-4 franc for one load at times.
The biggest challenge for me is the price of everything - food, clothing, household things. On average 50-300% higher than what I experienced in the US. Many people shop in France. There's also a super store, Aligro. For 2 people ~ 650/mo on just food. not eating out
-Gas - I fill my car for 85.
-Health Insurance is mandatory - Basic service is pretty standard across but does not include vision, dental and other things which will cost extra per month. Comparis.ch is good for this as well. For me one adult and one child, 2500 and 300 deductibles costs 515/mo.
-I've found the medical service here to be very nice but expensive so choose your deductible wisely.
-third party liability insurance - ~350/year
-ECA - fire insurance - 75/year
- There is one more insure I think for the home but not sure the cost.

Hope this helps!
Reply With Quote
The following 3 users would like to thank bbcenter for this useful post:
  #17  
Old 03.07.2012, 21:00
Junior Member
 
Join Date: Jun 2012
Location: Thurgau
Posts: 91
Groaned at 5 Times in 3 Posts
Thanked 159 Times in 75 Posts
Lasers pew pew pew has earned the respect of manyLasers pew pew pew has earned the respect of manyLasers pew pew pew has earned the respect of many
Re: Is a yearly 55000 swiss franc salary good enough?

Bbcenter, great post, really informative.

I'm moving to Switzerland at the end of August with my wife and daughter and thanks to the fantastic info on this forum I've got a good appreciation of the general living costs for new arrivals. However I'm unsure as to the amount one would have to deposit with utility companies when setting up initially. Can you shed any light on typical deposits for gas, electricity, phones etc if you have that info to hand and if you don't mind sharing?
Reply With Quote
  #18  
Old 04.07.2012, 10:41
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Is a yearly 55000 swiss franc salary good enough?

Quote:
View Post
However I'm unsure as to the amount one would have to deposit with utility companies when setting up initially. Can you shed any light on typical deposits for gas, electricity, phones etc if you have that info to hand and if you don't mind sharing?
No deposits are required for utilities. However, three months rent is the norm for rented accommodation.
Reply With Quote
  #19  
Old 04.07.2012, 11:12
Junior Member
 
Join Date: Jun 2012
Location: Thurgau
Posts: 91
Groaned at 5 Times in 3 Posts
Thanked 159 Times in 75 Posts
Lasers pew pew pew has earned the respect of manyLasers pew pew pew has earned the respect of manyLasers pew pew pew has earned the respect of many
Re: Is a yearly 55000 swiss franc salary good enough?

Thanks Jonbvn,
Yeah I've read a bit on here about apartment deposits so thanks to you and some other informative forummers I've braced myself for this issue. Having said that I might still try to use the Swisskaution option if possible.
But that's a whole other issue and the OP may not thank me for helping this thread veer away from the original topic.
Thanks again
Reply With Quote
  #20  
Old 04.07.2012, 11:44
anowheels's Avatar
Forum Veteran
 
Join Date: Mar 2011
Location: Not Zurich
Posts: 988
Groaned at 0 Times in 0 Posts
Thanked 668 Times in 401 Posts
anowheels has an excellent reputationanowheels has an excellent reputationanowheels has an excellent reputationanowheels has an excellent reputation
Re: Is a yearly 55000 swiss franc salary good enough?

Quote:
View Post
Lessones Learned:

Just moved here in December of last year. Won't mention my salary but much higher than 55K and I find Swiss living to be quite challenging especially coming from the US. I don't know all of the areas but a good site to get information is comparis.ch.

It it great that housing and schooling is paid for but here are a few bits of what I learned:

- Public school is free but your child will have to learn French and maybe German depending on their ages. I went to one public school and no one their spoke any English. If you choose this option consider that the fist several months will be focused on learning the language not other subjects.
- International schools, for middle school is more like 30k-40k CHF by the time you pay all the fees. My company also covers but only tuition. College Du Leman, 350 to apply, 3000 when accepted (mandatory donation), 1000 every 3 months for lunch, 1250 every 3 months for bus service, then there's the books and supplies ~600, and the trips; which aren't mandatory but cost anywhere from 350-750.
-Govenrment pays you a monthly stipend for having chldren; which is a nice perk. Your companies' HR will discuss with you.
-Salary withholdings - details can be found at comparis.ch and is based where you live but typically 30%
-Motorway Tax - came with my car but think it's like 130 yearly
-TV/Rdio Tax - haven't gotten that bill yet
-Car Insurance - varies but ~ 1500 a year
-Bike Tax - haven't gotten that bill yet
-Garbage Tax- haven't gotten that bill yet
-Canton registration fee - 120
-Driver license - 45
-To mail a letter 1.00 and up
-Usually when renting, utilities and car park is separate - verify if this is also covered by your company. You will most likely have to pay a deposit to cover any utility overages.
- Usually not included in lease is electrical, phone and cable but you may find this.
- Cable/Internet: a few options, but very few English speaking channels. Swisscom forces you to get a land line even if you don't want it unless you also get tv or cell phones through them (~95/mo)
-If you want TV in multiple rooms usually have to pay more for this. Contracts are for generally for 2 years. (Swisscom wanted 160 CHF to install the wireless connectors)
- Cell phones - got two iphones and had to pay 750. 2 year contracts that Note: you can't down grade services for the length of the contract but you can upgrade. Internation plans to me are horrible. I would definetly look into an internet service. (~120/mo). I use magic jack to call to the US. device cost $79, plugs into the wall and has an app on my cell.
- leasing a car - don't know about everywhere but I had to put 20% down and max term is 4 years.
- you have to have summer and winter tires and pay to have them changed twice a year. I just paid 120 which is crazy so I need to find a cheaper place.
Laundry services - many of the newer places have hook us in the home - -You have to pay an electrician to hook it up though. If you use the common laundry facilities, the drier is the most costly to me. 2-4 franc for one load at times.
The biggest challenge for me is the price of everything - food, clothing, household things. On average 50-300% higher than what I experienced in the US. Many people shop in France. There's also a super store, Aligro. For 2 people ~ 650/mo on just food. not eating out
-Gas - I fill my car for 85.
-Health Insurance is mandatory - Basic service is pretty standard across but does not include vision, dental and other things which will cost extra per month. Comparis.ch is good for this as well. For me one adult and one child, 2500 and 300 deductibles costs 515/mo.
-I've found the medical service here to be very nice but expensive so choose your deductible wisely.
-third party liability insurance - ~350/year
-ECA - fire insurance - 75/year
- There is one more insure I think for the home but not sure the cost.

Hope this helps!
- Billag will find you sometime if you dont give them money first for TV/radio - it's 400ish CHF/year. lots of posts here about it.
- I think they got rid of the velo stickers this year, but someone who rides bikes would probably know better
- at least in the Zurich area, the cost of trash is built into the price of the garbage bag - so each bag is ~2 CHF
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
YES [your salary] is enough!!! gata Complaints corner 92 01.05.2012 22:02
Is my salary enough.. kuttapai Introductions 41 18.11.2011 19:55
Luzern living costs - what salary is enough? Neddles Employment 10 29.09.2008 19:19
Got a new job in a bank but is the salary enough? barish Employment 8 29.04.2007 20:46


All times are GMT +2. The time now is 00:33.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0