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Old 22.12.2017, 07:40
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Salary - Living Cost Help

Dear Friends,

I have an offer from a multinational company - 185,000CHF per year from Nyon . Plus the company will provide for my kids school fees.

What will be the tax rate applicable on this ? My spouse doesn't work and we have 1 kid.

I want a 3 BHK house either in Nyon or Lausanne . What will be the approx rent ?

Besides leading a good quality of life we want to see other European countries . We like to take small vacations and love to travel .

What will be the approx. savings potential?

Thanks in advance for your replies.

Regards,
SP.
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Old 22.12.2017, 08:00
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Re: Salary - Living Cost Help

You'll be earning 3 times the average salary. I guess you will be pretty comfortable.
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Old 22.12.2017, 08:24
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Re: Salary - Living Cost Help

Check taxes here

Look for homes here

Search the forum for similar requests to get additional info

Good luck!
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Old 22.12.2017, 08:25
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Re: Salary - Living Cost Help

Learn to use the search function and google while you are at it.

And then come back with some serious questions that show you have done your homework rather than expecting us to do it for you.
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Old 22.12.2017, 08:45
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Re: Salary - Living Cost Help

Thanks all for the quick replies.

As per the replies , I am understanding i need to be more specific and yes friends I have done lots of google search - that has been my hobby for past few days :-)

Is 2500 CHF per month enough for monthly rent for 3 bedroom apartment at Nyon.

I have used the tax calculators - But not being able to understand the break downs - Is it safe to assume 30% tax rate in total or it can be higher?

Is a monthly living expense of 5000 CHF OK for a family of 3 excluding (Housing + Schooling)


Thanks.

Regards,
SP.
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Old 22.12.2017, 08:49
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Re: Salary - Living Cost Help

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You'll be earning 3 times the average salary. I guess you will be pretty comfortable.
Closer to four when you consider the school fees (which count as income for tax purposes).

Tom
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Old 22.12.2017, 09:10
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Re: Salary - Living Cost Help

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Thanks all for the quick replies.

As per the replies , I am understanding i need to be more specific and yes friends I have done lots of google search - that has been my hobby for past few days :-)
Your questions show you didn't even begin to cover the basics, so do read the stickies of this forum in its various sections instead. That will answer most of your questions.

As for the number of apartment rooms:
In Switzerland the living room is counted, a large kitchen is usually counted as half a room, balconies are mentioned. So an apartment that's advertised as 4.5-room apartment will have 3 bedrooms, a living room and a large kitchen, no balconies as none are mentioned. That's about what you're looking for, or perhaps a 5-room if you want spare space.

Perhaps with the exception of apartement rents (depends a lot on the area), living costs haven't materially changed since the millenium so even 10-year-old info will be fine to start off of.
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Old 22.12.2017, 11:38
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Re: Salary - Living Cost Help

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Is a monthly living expense of 5000 CHF OK for a family of 3 excluding (Housing + Schooling)
Depends on what you wear, where you eat, what sort of cars you drive, how you spend weekends and holidays. 5K sounds like a reasonable average for 185K income.

Don't forget about insurances.
Obligatory health insurance - minimum may range from CHF 850 to 1200 per month for a family of 3. However, you may consider half-private or full-private for one or all family members, and that may cost a lot more.

Car insurance (different levels of coverage). Legal insurance (I highly recommend this one, search forum for discussions). Household. Third-party damage.
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Old 14.02.2018, 09:35
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Re: Salary - Living Cost Help

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Thanks all for the quick replies.

As per the replies , I am understanding i need to be more specific and yes friends I have done lots of google search - that has been my hobby for past few days :-)

Is 2500 CHF per month enough for monthly rent for 3 bedroom apartment at Nyon.

I have used the tax calculators - But not being able to understand the break downs - Is it safe to assume 30% tax rate in total or it can be higher?

Is a monthly living expense of 5000 CHF OK for a family of 3 excluding (Housing + Schooling)


Thanks.

Regards,
SP.
No.. At least not a very nice one and not in the center.
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Old 14.02.2018, 09:55
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Re: Salary - Living Cost Help

Dear John_H,

So for Nyon- For decent apartment - 3 BHK (3 bedrooms, 1 living , 1 kitchen , 2 Bathrooms) what should be the Monthly Rent ?

We prefer a community which will be good for kids to mingle around and play .
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Old 14.02.2018, 10:19
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Re: Salary - Living Cost Help

https://www.homegate.ch/rent/real-es...oplisting-desc

And I hope you're not seriously asking if more than 2.5 times the average salary in Switzerland plus school fees is "enough"...

As others have said, read the stickies and do at least some of the research on your own.
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Old 14.02.2018, 10:26
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Re: Salary - Living Cost Help

Op: people here are sensitive about people with higher end salaries asking about whether they can make ends meet- for quite obvious reasons. You'll be making a pretty good amount of money, and your saving ability really depends on how often you go out, where and how you travel, whether you'll buy a car etc. The short answer is, you have a humble life with very good savings, or a slightly more enjoyable life with less savings, or an ostentatious life with no savings at all.

There have been LOTS of cost of living threads, and I would highly recommend you search and consult those. Homegate will give you a very good idea about housing costs.
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  #13  
Old 14.02.2018, 10:28
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Re: Salary - Living Cost Help

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Dear John_H,

So for Nyon- For decent apartment - 3 BHK (3 bedrooms, 1 living , 1 kitchen , 2 Bathrooms) what should be the Monthly Rent ?

We prefer a community which will be good for kids to mingle around and play .
for 2.5k you get something like this

For a more realistic 4.9k you get this

Nyon though is a town, it's possibly not very 'community' .. The surrounding villages are potentially nicer.
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Old 14.02.2018, 10:41
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Re: Salary - Living Cost Help

Here you go. Should give you a fair idea.
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Old 14.02.2018, 10:46
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Re: Salary - Living Cost Help

Highly Appreciate quick Reply Friends .

We are relocating to Switzerland from a non tax paying country and we do save a lot here. So may be it will take a while for us to accept the fact that we have to pay a huge amount as tax.

Anyways what we assume right now - if 5K is monthly expense and if we get an apartment in 2.5 - 3 K budget , then we can have a decent saving may be.

We love travelling and looking forward to explore entire Europe . Hopefully we will have a decent saving to fulfill our wish in coming years.

Thanks.
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Old 14.02.2018, 10:50
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Re: Salary - Living Cost Help

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to accept the fact that we have to pay a huge amount as tax.
Nothing much compared to the surrounding countries ....!
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Old 14.02.2018, 11:00
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Re: Salary - Living Cost Help

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So may be it will take a while for us to accept the fact that we have to pay a huge amount as tax.
don't worry. your employer will deduct the tax from your salary, making the acceptation process much easier.
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Old 14.02.2018, 11:40
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Re: Salary - Living Cost Help

Thanks .. Funny !!
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Old 14.02.2018, 12:32
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Re: Salary - Living Cost Help

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don't worry. your employer will deduct the tax from your salary, making the acceptation process much easier.
Not on a 185k salary they won't. OP will have to fill in a tax return every year and make sure they have enough put aside to pay the bill when it arrives.
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Old 14.02.2018, 14:24
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Re: Salary - Living Cost Help

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don't worry. your employer will deduct the tax from your salary, making the acceptation process much easier.
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Not on a 185k salary they won't. OP will have to fill in a tax return every year and make sure they have enough put aside to pay the bill when it arrives.
Kind of and kind of.

If you don't have a C permit, you pay tax at source.

But if you earn more that 120k you have to do a tax return.

So OP will pay tax at source, and then do a tax return, and any difference is paid/refunded.
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