Hi, apologies for so many questions recently. I tried to find out as much as possible in old threads, however I'm not sure about this one.

So I'd like to estimate how much my net disposable income would be (after tax and all obligatory deductions). I used the calculator for Basel-Stadt(http://www.estv.admin.ch/e/dienstlei...rechner/bs.htm) and let's assume that my all-in income is 130,000 (single, no kids). The calculator says that:
- total tax burden is 30,667
- total deductions (confederation and cantonal) are 24,454.

Does it mean that what I'm going to be left with (effectiveley) is 74,879 (130,000 - 30,667 - 24,454)?

Did I calculate it correctly?

Nope. Income after tax = Gross income minus Total tax burden (bottom right cell).

Shorrick Mk2 - thanks for quick reply.

I just wanna make sure I understand correctly one thing: is then 'Income after tax' which you mentioned the amount after all deductions (obligatory pension, unemployment charge, etc) or I'd have to pay these deductions extra from 'Income after tax' amount?

Well, no... since the other deductions are independent of tax, you'll have to pay them extra.

Thanks.

Then the deal with living/working in Switzerland isn't so sweet anymore ;-(. I know that deductions (like pension) are not taxes, but what I'm looking for is what effectively I'd have to spend. And now it looks like 42% of the income goes (23% on taxes, 18% on deductions) and health insurance still to be paid.

For example in Holland (where I work now) I actually get 60% of the salary effectively (taxes + pensions + all other deductions are ca. 40%).

;-(

Thank you again for advice!

i think you got it wrong man. it can no way be that you pay 42% of your salary anywhere in switzerland...

This is how the calculation goes:

Income-Deductions(Social Security, Pension Plan, Part of Health Insurance etc erc)=Net Income

On this, you calculate taxes.

42% sounds a bit high but it is true that if you are also cosnidering health insurance costs etc it could be close.

Cheers,
Cristina

Although Basel has one of the highest income tax rates, that is too high. The NZZ calculator thingy lists it as 26.8% for a protestant living in Basel Stadt. As your salary is usually paid with all the deductions already made (apart from health insurance), that is reflected in the taxes. So 130k times 0.89 (that accounts for pension/disability etc. deduction, at least in the canton Zurich), health insurance is obligatory and I deduct it from my taxes, assuming you are thirty and want basic coverage with the lowest "Franchise", that would start at around CHF 3400 per annum. So, putting all that in and before the various other deductions, that would be... 25.7% tax on roughly 115 k per year, all the obligatory deductions taken care of.

And as someone who lives on a lot less but still rarely has a free weekend and regularly comes home around nine, I think you should be able to manage on that as a single person. After all, the "average" income is alledgedly around USD 40'000. Of course, if you are currently earning more than what you are being offered, that may not be enticing. However, I find buying power to be quite good here, Europe has become so expensive!

The only difference is that your pension savings belong to you as opposed to a bottomless pit called the State...

Although I'm pretty confident when saying you got your figures wrong. The 18% in extra deductions are inaccurate. You'll pay 6.5 in State pension and probably another 6 to 7 towards your own pension.

Just for very rough estimates, is 25% a reasonable figure to subtract from the gross income to allow for taxes/pillar 1 and 2?

After that, one would have to allow for health insurance and pillar 3. Is that correct?

Can someone please answer the above question? I know it is redundant, but I need the info...