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Old 31.03.2011, 17:54
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Basic Salary > Net salary?

Hi I am a english forum virgin so please excuse me if I am in the wrong place or asking stupid questions.
My husband has just been offered a job in Zurich with an indian outsourcing company, basically subcontracting to a large swiss bank. They have offered him 120k basic salary with another 12 paid quaterly, (4x3) which they call quaterly linked compensation. We have three kids and we (his family) live in France and will continue to do so for the forseeable future. He has asked for salary illustrations but they have so far come up with only vague answers. Could anyone tell me what take home salary he could expect. They do not have a pension scheme. I hope that I have given you enough information i have looked online but cannot find a good salary calculator just tax calculators.
Thanks all
jude
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Old 31.03.2011, 18:12
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Re: net salary

I'm no expert but I find it strange there is no pension scheme. Depending on what he can claim off his tax and where he lives in Zurich, I am guessing around 15% in tax. But pension contributions usually get taken off automatically by the employee. He should consult his accountant - I find the system very complex and that's why I get the other half to do it!
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Old 31.03.2011, 18:12
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Re: net salary

5) make a very poor joke along the lines of .. are you a fisherman as they get a net salary?
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Old 31.03.2011, 18:13
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Re: net salary

http://www.englishforum.ch/daily-lif...f-library.html

FAQ: Is CHF100'000 a good salary?

FAQ: A brief guide to salaries in Switzerland
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Old 31.03.2011, 18:17
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Re: net salary

it depends where exactly you live, but it will be around 7000 chfs per month.
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Old 31.03.2011, 18:20
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Re: net salary

Here's my breakdown per month maybe you can get a rough idea from this...

AHV 5.05%
ALV 1.00%
Nichberufsunfall 1.15%
Krankentaggeld 2.15%
MPK Vollversicherung 8.50% (Pension)
Tax at source approx 12%
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Old 31.03.2011, 19:34
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Re: net salary

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Hi I am a english forum virgin so please excuse me if I am in the wrong place or asking stupid questions.
We have three kids and we (his family) live in France and will continue to do so for the forseeable future. He has asked for salary illustrations but they have so far come up with only vague answers.
This from the Employment section might help a bit. It is well worth opening up the Stickies at the top of each Forum and seeing what relevant information is inside.
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Old 31.03.2011, 20:38
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Re: net salary

I would check whether he would be under a Swiss employment contract (ie with Swiss registered subsidiary) or if he would be on a temporary international assignment contract, being employed by the parent Indian company. The lack of pension scheme you mention would imply to me the latter, as for a Swiss employee of a Swiss company I believe it would be mandatory for the company to provide one (unless the working hours/compensation are very restricted).
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Old 31.03.2011, 21:05
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Re: net salary

120 for 2 adults and 3 kids won't get you very far
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Old 01.04.2011, 11:52
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Re: net salary

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120 for 2 adults and 3 kids won't get you very far
I would have to agree. You will get by but you will have to spend wisely and will probably not save much if you are anything like me and my family!
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Old 01.04.2011, 13:03
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Re: Basic Salary > Net salary?

Hi thanks for the replies the salary is actually 132k which probably wont make that much difference, but also hubby is going to be living in CH while the rest of us stay in France. Kids can not be moved at mo because of school. I beleive that we will be able to get a monthly allowance of 1500chf as we will be maintaining a property overseas.
I have checked out older posts and have put the salary through one of the calculators as suggested it comes out with a retention figure of 10708chf which seems ridiculously high. Here are the figs:
AHV 566.50
ALV1 115.50
ALV2 2.50
BVG 513.46
UVG 68.78
Income tax at source 574.70 (Zurich Canton)
Monthly allowaable expenses 1500

Is this right? It seems incredible if it is.
Is this right
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Old 01.04.2011, 13:09
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Re: net salary

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Here's my breakdown per month maybe you can get a rough idea from this...

AHV 5.05%
ALV 1.00%
Nichberufsunfall 1.15%
Krankentaggeld 2.15%
MPK Vollversicherung 8.50% (Pension)
Tax at source approx 12%
This is a lot more accurate...than your workings out. Its the pension contributions + tax at source that are the killers.
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Old 01.04.2011, 13:14
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Re: net salary

What are the terms of your visa in France - you may not be allowed to stay if your husband is not resident.
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Old 01.04.2011, 13:44
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Re: Basic Salary > Net salary?

No visa I am English and therefore living in a EU member country.
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Old 01.04.2011, 13:51
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Re: Basic Salary > Net salary?

Beleive we would also be entitled to 600chf in tax allowances for the children which would take the figure for tax up to more or less the 12% you are talking about and then back down again to the one I was given (I'm not sure that makes sense even to me!). The pension contribution I hadnt taken into consideration. So should deduct 900 or so for that.
Corrections to how I am interpreting the information I am being given are very welcome.
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Old 01.04.2011, 14:03
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Re: Basic Salary > Net salary?

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Beleive we would also be entitled to 600chf in tax allowances for the children which would take the figure for tax up to more or less the 12% you are talking about and then back down again to the one I was given (I'm not sure that makes sense even to me!). The pension contribution I hadnt taken into consideration. So should deduct 900 or so for that.
Corrections to how I am interpreting the information I am being given are very welcome.
You get an allowance for children and it varies by kanton. In BS it is 200 per child.

It is not (income) tax free.
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Old 01.04.2011, 15:31
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Re: Basic Salary > Net salary?

The 1500,- might be just a monthly deducible from the salary for assessing the tax. You better double check if it is actually paid by your employer.
In France the health insurance is deduced from the salary. In Switzerland you have to pay it yourselves. For a family of 4 in ZH in might be around 1k per month.
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Old 01.04.2011, 15:48
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Re: Basic Salary > Net salary?

ok so assuming other bits the same. Income would go up to 11600 per month to include child allowance, tax would be 1392 and pension 986 so total deductions would be 3078 (i reckon that insurance is looking too low...) leaves us with 8522 per month.
Now the 1500 allowance for expatriot expenses I am assuming would be a tax credit? So assuming that income would then be credited with the 1392 paid in tax giving us 9914...
Does that seem about right seems high to me
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Old 01.04.2011, 19:43
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Re: Basic Salary > Net salary?

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Hi thanks for the replies the salary is actually 132k which probably wont make that much difference, but also hubby is going to be living in CH while the rest of us stay in France. Kids can not be moved at mo because of school. I beleive that we will be able to get a monthly allowance of 1500chf as we will be maintaining a property overseas.
I have checked out older posts and have put the salary through one of the calculators as suggested it comes out with a retention figure of 10708chf which seems ridiculously high. Here are the figs:
AHV 566.50
ALV1 115.50
ALV2 2.50
BVG 513.46
UVG 68.78
Income tax at source 574.70 (Zurich Canton)
Monthly allowaable expenses 1500

Is this right? It seems incredible if it is.
Is this right
Meat for one adult costs about 10000 chf /month
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Old 01.04.2011, 21:22
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Re: Basic Salary > Net salary?

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Meat for one adult costs about 10000 chf /month
Apologies about this last joke, Nanny said it wasn't funny anymore.
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