Go Back   English Forum Switzerland > Help & tips > Employment  
Closed Thread
 
Thread Tools Display Modes
  #1  
Old 15.12.2011, 09:04
Newbie
 
Join Date: Dec 2011
Location: Geneva
Posts: 2
Groaned at 14 Times in 1 Post
Thanked 2 Times in 1 Post
jdwr has annoyed a few people around herejdwr has annoyed a few people around herejdwr has annoyed a few people around here
150K net (200K gross) in Geneva?

Hello All,

I have discovered this very useful forum which has provided me with lots of information so far.

I will be starting to work in Geneva, for an international organization, on a so-called P4 position. I will have a 2+2y contract which will likely become permanent.

My salary will be around 150K CHF net, this means (internal) tax + health insurance + pension fund already deducted. I have been told this corresponds to some 200K CHF gross.

I need to live in Switzerland (Geneva, or Vaud) for tax reasons (there is no tax agreement with France). My wife will look for a job but this is reportedly difficult with her education and professional experience. I have a 10y old daughter who will go to the international school, my employer covers 80% of the school fees.

Is 150K CHF net OK for this region and as a newcomer (no existing rent, not owning real estate)? Does it really correspond to 200K gross?

What about the real estate market. I have some investments which could be used for a 20% deposit in order to buy a flat or a house somewhere in the region, but not sure this is a good idea right now.

Cheers.
  #2  
Old 15.12.2011, 09:08
Hedgehog of death's Avatar
Forum Veteran
 
Join Date: Sep 2009
Location: Brighton
Posts: 791
Groaned at 43 Times in 26 Posts
Thanked 543 Times in 249 Posts
Hedgehog of death has a reputation beyond reputeHedgehog of death has a reputation beyond reputeHedgehog of death has a reputation beyond reputeHedgehog of death has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

yes, you will be like a pig in shit
Average salary in CH is around 75K

Finding accommodation in Geneva that you can afford will make you old and grey

The search button is now working ....
The following 4 users would like to thank Hedgehog of death for this useful post:
  #3  
Old 15.12.2011, 09:16
Carlos R's Avatar
Forum Legend
 
Join Date: Dec 2009
Location: Roundn'about Basel
Posts: 7,238
Groaned at 105 Times in 95 Posts
Thanked 9,934 Times in 4,178 Posts
Carlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

I'm confused. Is the 200 the new 150 the new 120?
The following 18 users would like to thank Carlos R for this useful post:
  #4  
Old 15.12.2011, 09:17
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,274
Groaned at 77 Times in 60 Posts
Thanked 3,697 Times in 1,745 Posts
The_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

not enough money for me to get out of bed...

stay where you are

for everyone else on the forum... move on nothing to see here
The following 7 users would like to thank The_Love_Doctor for this useful post:
  #5  
Old 15.12.2011, 09:37
Newbie 1st class
 
Join Date: Sep 2011
Location: Geneva
Posts: 23
Groaned at 0 Times in 0 Posts
Thanked 6 Times in 5 Posts
Fixx has no particular reputation at present
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
Hello All,

I have discovered this very useful forum which has provided me with lots of information so far.

I will be starting to work in Geneva, for an international organization, on a so-called P4 position. I will have a 2+2y contract which will likely become permanent.

My salary will be around 150K CHF net, this means (internal) tax + health insurance + pension fund already deducted. I have been told this corresponds to some 200K CHF gross.

I need to live in Switzerland (Geneva, or Vaud) for tax reasons (there is no tax agreement with France). My wife will look for a job but this is reportedly difficult with her education and professional experience. I have a 10y old daughter who will go to the international school, my employer covers 80% of the school fees.

Is 150K CHF net OK for this region and as a newcomer (no existing rent, not owning real estate)? Does it really correspond to 200K gross?

What about the real estate market. I have some investments which could be used for a 20% deposit in order to buy a flat or a house somewhere in the region, but not sure this is a good idea right now.

Cheers.
You'll be very comfortable on that even without your wife working, especially with so much of the school fees covered. (Unless you expect to dine in michelin star restaurants every night etc)

And yes, it sounds about right to equal 200K (or more, looking at benefits like school fees!).

Buying is up to you - I'd recommend renting for at least a year first though, to be sure you want to stay, and to learn local areas etc - otherwise you might end up buying somewhere you're so keen on after a while.

Also make sure you are staying before you buy, as the initial fees associated with a purchase can be quite high, not something you want to spend if you will want to sell after 2-3 years.
  #6  
Old 15.12.2011, 10:00
TiMow's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Fribourg
Posts: 9,302
Groaned at 237 Times in 154 Posts
Thanked 12,188 Times in 5,300 Posts
TiMow has a reputation beyond reputeTiMow has a reputation beyond reputeTiMow has a reputation beyond reputeTiMow has a reputation beyond reputeTiMow has a reputation beyond reputeTiMow has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

After the mansion in the mountains, and the chauffeur-driven limo ride to work every day, you'll still have some loose change to throw to the local peasants, and be able to feel good about yourself.

Basically ..... have you tried converting this amount to your own currency; deduct a third for additional costs and ask yourself:

- "Would I survive in my world, on this amount?"
The following 3 users would like to thank TiMow for this useful post:
  #7  
Old 15.12.2011, 10:06
Helm's Avatar
Forum Veteran
 
Join Date: May 2011
Location: Zürich<->St.Gallen
Posts: 2,209
Groaned at 13 Times in 13 Posts
Thanked 4,136 Times in 1,371 Posts
Helm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

This, my friends, is real proof that we have an economical crisis at hand!

People no longer moan: "Is 120k enough?" The price has increased 30k!

Start pilling bean cans and blankets in your bunkers!





On a serious tone, if you search on this forum, you'll notice that, though some people will never have enough of a salary, 150k is more than enough to sustain a whole family in Switzerland in a quite comfortable life-style. You don't need to be a brainiac to do a bit of math and find that out.
The following 4 users would like to thank Helm for this useful post:
  #8  
Old 15.12.2011, 10:20
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Luxembourg
Posts: 11,883
Groaned at 301 Times in 257 Posts
Thanked 22,436 Times in 8,143 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
People no longer moan: "Is 120k enough?" The price has increased 30k!
No, it has not. The OP talks about 150k NET and including the benefits he describes does that translate to almost twice the normal 120k question.

And twice the stupidity to ask the question as there is NO place on this planet where you could not live comfortably with this salary. Somebody earning that much should be educated enough to be able to estimate that he is easily within the top 5-10%... and if 95% of people earn less it must be somehow possible to survive...
  #9  
Old 15.12.2011, 10:22
Forum Legend
 
Join Date: Aug 2009
Location: Vaud
Posts: 4,552
Groaned at 492 Times in 321 Posts
Thanked 4,099 Times in 1,952 Posts
CorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

That's it, I was happy this morning and clicked that topic, HO WHY??


Now i'm angry at my miserable salary
The following 3 users would like to thank CorsebouTheReturn for this useful post:
  #10  
Old 15.12.2011, 10:24
gva
 
Posts: n/a
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
What about the real estate market. I have some investments which could be used for a 20% deposit in order to buy a flat or a house somewhere in the region, but not sure this is a good idea right now.

Cheers.
Hi rich boy,

for the salary, cf the other postings. For the real estate, see this thread.

Housing bubble about to explode in the Arc Lemanique

but we know you live in a different world so you won't mind losing a couple of 100K CHF's anyway.
  #11  
Old 15.12.2011, 10:27
Mud's Avatar
Mud Mud is offline
Forum Legend
 
Join Date: Jan 2009
Location: Romandie
Posts: 2,569
Groaned at 26 Times in 23 Posts
Thanked 5,002 Times in 1,826 Posts
Mud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Are you EU/EFTA? If not, and I may be mistaken, I don't think you can buy property without a C permit.

All the details and much more here.
  #12  
Old 15.12.2011, 10:35
Ouchboy's Avatar
Forum Legend
 
Join Date: Jun 2008
Location: Baden
Posts: 3,285
Groaned at 46 Times in 41 Posts
Thanked 5,478 Times in 2,103 Posts
Ouchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

The following 5 users would like to thank Ouchboy for this useful post:
  #13  
Old 15.12.2011, 10:40
Mud's Avatar
Mud Mud is offline
Forum Legend
 
Join Date: Jan 2009
Location: Romandie
Posts: 2,569
Groaned at 26 Times in 23 Posts
Thanked 5,002 Times in 1,826 Posts
Mud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
The following 4 users would like to thank Mud for this useful post:
  #14  
Old 15.12.2011, 10:45
Ouchboy's Avatar
Forum Legend
 
Join Date: Jun 2008
Location: Baden
Posts: 3,285
Groaned at 46 Times in 41 Posts
Thanked 5,478 Times in 2,103 Posts
Ouchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond reputeOuchboy has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
The following 4 users would like to thank Ouchboy for this useful post:
  #15  
Old 15.12.2011, 10:43
Member
 
Join Date: Jul 2010
Location: Zurich
Posts: 101
Groaned at 7 Times in 3 Posts
Thanked 81 Times in 42 Posts
abangr has no particular reputation at present
Re: 150K net (200K gross) in Geneva?

enough to live by? yes

enough for you? well, it depends how much you are making right now.
everyone has a different comfort level.
  #16  
Old 15.12.2011, 11:24
gva
 
Posts: n/a
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
I will be starting to work in Geneva, for an international organization, on a so-called P4 position. I will have a 2+2y contract which will likely become permanent.
BTW rich boy I hope you are sure of your employer's health status. The WHO is laying off 300-600 staff this and next year, for example. "Permanent" contracts are not that permanent anylonger at international organisations..
  #17  
Old 15.12.2011, 11:28
Mud's Avatar
Mud Mud is offline
Forum Legend
 
Join Date: Jan 2009
Location: Romandie
Posts: 2,569
Groaned at 26 Times in 23 Posts
Thanked 5,002 Times in 1,826 Posts
Mud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond reputeMud has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
BTW rich boy
Now now, let's have fun but do be nice...

  #18  
Old 15.12.2011, 12:11
gva
 
Posts: n/a
Re: 150K net (200K gross) in Geneva?

The following 7 users would like to thank for this useful post:
  #19  
Old 15.12.2011, 12:38
polar_panda's Avatar
Junior Member
 
Join Date: Jul 2011
Location: Zurich
Posts: 60
Groaned at 0 Times in 0 Posts
Thanked 39 Times in 25 Posts
polar_panda has earned some respectpolar_panda has earned some respect
Re: 150K net (200K gross) in Geneva?

Rent & parking 5000-6000/month
Car insurance = 200/month
Health insurance for the rest of the family if not covered = 500-700/month
Other insurances = 100/month
Train tickets 100/person/month = 300/month
Food (2 * lunch 50 and groceries 50) 100 per day = 3000/month
Dining out once a week a 250 for 3 ppl = 1000/month
School fees=?

TOTAL ~ 11K.

You still have 3-4K to spend at your choosing. Or you can choose to live cheaper and save about 50% of this.
This user would like to thank polar_panda for this useful post:
  #20  
Old 15.12.2011, 11:40
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,212
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: 150K net (200K gross) in Geneva?

Quote:
View Post
Hello All,

I have discovered this very useful forum which has provided me with lots of information so far.

I will be starting to work in Geneva, for an international organization, on a so-called P4 position. I will have a 2+2y contract which will likely become permanent.

My salary will be around 150K CHF net, this means (internal) tax + health insurance + pension fund already deducted. I have been told this corresponds to some 200K CHF gross.

I need to live in Switzerland (Geneva, or Vaud) for tax reasons (there is no tax agreement with France). My wife will look for a job but this is reportedly difficult with her education and professional experience. I have a 10y old daughter who will go to the international school, my employer covers 80% of the school fees.

Is 150K CHF net OK for this region and as a newcomer (no existing rent, not owning real estate)? Does it really correspond to 200K gross?

What about the real estate market. I have some investments which could be used for a 20% deposit in order to buy a flat or a house somewhere in the region, but not sure this is a good idea right now.

Cheers.
How did you come up with CHF150,000 net income on a P-4 salary??? Do you have a gaggle of dependents?
Closed Thread




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
net income from gross in Vaud saiya-jin Finance/banking/taxation 17 14.08.2011 19:13
gross - net income for EPFL structural Finance/banking/taxation 0 14.03.2011 07:26
Car tax assessment: Curb weight or Gross weight (gross vehicle weight rating)? richardm Transportation/driving 11 17.01.2011 17:30
Gross vs Net Rent? aibanez Housing in general 1 01.10.2008 23:16


All times are GMT +2. The time now is 15:49.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0