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Old 13.05.2019, 23:30
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Salary Deductions

Hi, I need to decide about a job offer before noon tomorrow and I do not have the most basic questions answered about take home salary.

First of all, is CHf 125,000.00 for a software consultant a good salary in Zurich ?

Second, please help me what other deductions are made at the source of the income other than taxes ?

Are pension contributions mandatory ? and If so, how much is deducted ?

I will be moving from UK and only for about a year or so, therefore ideally I would not want to make pension contributions.

I will try to gather some info from my possible employer also tomorrow morning but want to gather information as much as possible.

I am sure, these questions have been answered before but please answer them anyway. I will be digging the forum as well.
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Old 14.05.2019, 10:41
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Re: Salary Deductions

If hour useless then Chf 125k is excellent, if hour shit hot then probably not.
Hello
Pension contributions and salary deductions are mandadtory, just like in your cuntry
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Old 14.05.2019, 10:57
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Re: Salary Deductions

Considering CHF 10416 / month
CHF 533.82 Pillar one (Old age and disability insurance AHV/IV)
CHF 114.58 unemployment insurance (ALV)
~ CHF 150 accident insurance (ask employer for exact number) (NBU/UVG)
~ CHF 50 sick pay insurance (ask employer for exact number)
~ CHF 660 pillar 2 pension contributions (BVG). Will be at least matched by employer. Exact number depends on pension plan and your age, ask employer for exact number.
~CHF 1250 in tax. As annual income is >120k This will be a prepayment and is a ball park figure only. Actual tax will depends on place of residence and other factors.
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Old 14.05.2019, 14:39
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Re: Salary Deductions

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Considering CHF 10416 / month
CHF 533.82 Pillar one (Old age and disability insurance AHV/IV)
CHF 114.58 unemployment insurance (ALV)
~ CHF 150 accident insurance (ask employer for exact number) (NBU/UVG)
~ CHF 50 sick pay insurance (ask employer for exact number)
~ CHF 660 pillar 2 pension contributions (BVG). Will be at least matched by employer. Exact number depends on pension plan and your age, ask employer for exact number.
~CHF 1250 in tax. As annual income is >120k This will be a prepayment and is a ball park figure only. Actual tax will depends on place of residence and other factors.
Worth mentioning also the Krankenkasse deduction - ca. 1000 CHF for a family
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Old 14.05.2019, 14:52
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Re: Salary Deductions

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Worth mentioning also the Krankenkasse deduction - ca. 1000 CHF for a family
That's not a deduction from one's salary, but rather a cost like rent, food, transportation, etc.

Tom
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Old 14.05.2019, 14:53
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Re: Salary Deductions

I wont be working in switzwrland for long term, may be few years, how do I make use of my pension contribution then ? I am sure there will be many people who work there for few years but then go back to their home countries. Can I transfer the pension to my home country or anything similar ?



>>> Worth mentioning also the Krankenkasse deduction - ca. 1000 CHF for a family

I will be single guy there and have no family ? What kind of deduction is this ?

I do have to make child maintenance to my ex wife in UK, does that give me any kind of benefit ?

Many thanks for all of your replies.
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Old 14.05.2019, 14:55
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Re: Salary Deductions

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I wont be working in switzwrland for long term, may be few years, how do I make use of my pension contribution then ? I am sure there will be many people who work there for few years but then go back to their home countries. Can I transfer the pension to my home country or anything similar ?
Depends on the country and the pension.

You may have to wait until retirement.

Tom
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Old 14.05.2019, 15:05
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If your company has a contract with one of them than it might be a deduction (like in my case) but normally a monthly cost, I do completely agree.

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I wont be working in switzwrland for long term, may be few years, how do I make use of my pension contribution then ? I am sure there will be many people who work there for few years but then go back to their home countries. Can I transfer the pension to my home country or anything similar ?



>>> Worth mentioning also the Krankenkasse deduction - ca. 1000 CHF for a family

I will be single guy there and have no family ? What kind of deduction is this ?

I do have to make child maintenance to my ex wife in UK, does that give me any kind of benefit ?

Many thanks for all of your replies.
This is basically what you have to pay for the healthcare - if you are alone the cost is not as big as I said originally. It might be sth around 200, 300 CHF

Last edited by 3Wishes; 14.05.2019 at 15:09. Reason: merging consecutive replies
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Old 14.05.2019, 17:01
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Re: Salary Deductions

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If your company has a contract with one of them than it might be a deduction (like in my case) but normally a monthly cost, I do completely agree.



This is basically what you have to pay for the healthcare - if you are alone the cost is not as big as I said originally. It might be sth around 200, 300 CHF

You obviously have NO idea about the costs of healthcare
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Old 14.05.2019, 17:53
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Re: Salary Deductions

I checked, basic health insurance, swica, 30 year old male, Zurich post code, CHF360 with chf1000 excess.




You should ask your employer if they have a deal with any provider or recommendation.


As for pension, the Pillar1 ( AHV ) think of it like your NI contributions.
Pillar2, this is your private/employer pension scheme.


If you scan this site, you can see that that P2 can be liberated from Switzerland when you leave. At least, that's the current situation.


A word of caution, there are a lot of old hands here that only came to CH 'for a year'.
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Old 14.05.2019, 18:14
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Re: Salary Deductions

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A word of caution, there are a lot of old hands here that only came to CH 'for a year'.
Yep, I came for a year or two.

33 years later, I'm still here.

Tom
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Old 15.05.2019, 00:25
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Re: Salary Deductions

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Depends on the country and the pension.

You may have to wait until retirement.

Tom
I am from UK and will be returning back to UK.. Any idea about UK ?

Also, what do you mean by depends upon the pension ?

What kind of pension could potentially be repatriable/transferable to another country ?

To me this seem like a common question people would have if they were moving to Switzerland for a year or 2.
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Old 15.05.2019, 00:27
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Re: Salary Deductions

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I checked, basic health insurance, swica, 30 year old male, Zurich post code, CHF360 with chf1000 excess.




You should ask your employer if they have a deal with any provider or recommendation.


As for pension, the Pillar1 ( AHV ) think of it like your NI contributions.
Pillar2, this is your private/employer pension scheme.


If you scan this site, you can see that that P2 can be liberated from Switzerland when you leave. At least, that's the current situation.


A word of caution, there are a lot of old hands here that only came to CH 'for a year'.

So I understood P1 is not liberated but it is possible to liberate P2...Many thanks for confirming this.

I just want to get out there find out whats there for me in the world and if I found a good reason to stay, I will stay
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Old 15.05.2019, 07:58
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Re: Salary Deductions

Ask your employers' HR departement
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