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Old 15.12.2011, 09:04
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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.
 




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