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  #21  
Old 26.09.2020, 20:26
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Re: Zurich enge vs pfaffikon Schwyz

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Saving money as a single guy on 180k + bonus isn't easy... are you taking the absolute piss? Also, Boris has had divorce settlements and child mantenance to pay... so unless you also have an ex-wife and a few kids then your situation is nothing alike.

Just based on what you have said it seems you have been living on the edge of your means, spending way too much on rent and thenwhatever else it is you do with those thousands in your free time (I can guess ). It's nothing to do with how expensive Switzerland is, as many earn people earn less than you and still save multiple thousands per month.
Either you are being funny or you do not understand

Monthly salary is 15k which after tax and pension leaves me with 11k

My Zurich flat is 4.5k and I have to pay just the interest component on a Uk London apartment which is 2.5k plus utilities. That just keeps the capital the same rather than amortise the Loan

By basic maths you will see that I have 1k a week for everything else including food restaurants clothes Gadgets car travelling and everything else. This is not much in Zurich where a haircut is 100
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  #22  
Old 26.09.2020, 20:29
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Re: Zurich enge vs pfaffikon Schwyz

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Either you are being funny or you do not understand

Monthly salary is 15k which after tax and pension leaves me with 11k

My Zurich flat is 4.5k and I have to pay just the interest component on a Uk London apartment which is 2.5k plus utilities. That just keeps the capital the same rather than amortise the Loan

By basic maths you will see that I have 1k a week for everything else including food restaurants clothes Gadgets car travelling and everything else. This is not much in Zurich where a haircut is 100
Chuff understands....! Either you are bragging or way off reality. Sorry, but this is really a FWP, nothing else.
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  #23  
Old 26.09.2020, 20:42
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Re: Zurich enge vs pfaffikon Schwyz

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You are also mad to have been spending 4.5k as a single guy on rent
He is desperate, it's the only way he can get laid. Top Tip no 1, if you want to get laid have a nice pad
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  #24  
Old 26.09.2020, 20:45
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Re: Zurich enge vs pfaffikon Schwyz

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Either you are being funny or you do not understand

Monthly salary is 15k which after tax and pension leaves me with 11k

My Zurich flat is 4.5k and I have to pay just the interest component on a Uk London apartment which is 2.5k plus utilities. That just keeps the capital the same rather than amortise the Loan

By basic maths you will see that I have 1k a week for everything else including food restaurants clothes Gadgets car travelling and everything else. This is not much in Zurich where a haircut is 100
You could rent out the London Pad for more than 3k, you choose to leave it empty.
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  #25  
Old 26.09.2020, 21:03
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Re: Zurich enge vs pfaffikon Schwyz

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Either you are being funny or you do not understand

Monthly salary is 15k which after tax and pension leaves me with 11k

My Zurich flat is 4.5k and I have to pay just the interest component on a Uk London apartment which is 2.5k plus utilities. That just keeps the capital the same rather than amortise the Loan

By basic maths you will see that I have 1k a week for everything else including food restaurants clothes Gadgets car travelling and everything else. This is not much in Zurich where a haircut is 100
I do understand... that you have struggled to live within your means even on such a high salary through what appear to be some unwise decisions... you're bleeding money.

Anyway in the end who cares, good luck with RAV and finding a new place, maybe it will be the start of a new chapter in life.

PS: A good mens haircut is 55chf. https://memomen.ch/
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  #26  
Old 26.09.2020, 21:20
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Re: Zurich enge vs pfaffikon Schwyz

Take up cooking your meals from scratch at home, shop at Lidl etc

People dont become rich by waisting money.
Dear old Ingvar Kamprad (Ikea) rip, is a perfect example.
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  #27  
Old 26.09.2020, 21:38
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Re: Zurich enge vs pfaffikon Schwyz

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Either you are a troll and just taking the piss. Or you are the most lucky guy in that despite your mind-boggling naivete you tricked someone into paying you 180k.
I don't know about the OP but I always find it laughable when I see people who can't manage their own budgets given high budgets to manage at work. If you also consider it is easier to spend someone else's money, I wonder how such people do at work.
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  #28  
Old 26.09.2020, 21:43
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Re: Zurich enge vs pfaffikon Schwyz

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Either you are being funny or you do not understand

Monthly salary is 15k which after tax and pension leaves me with 11k

My Zurich flat is 4.5k and I have to pay just the interest component on a Uk London apartment which is 2.5k plus utilities. That just keeps the capital the same rather than amortise the Loan

By basic maths you will see that I have 1k a week for everything else including food restaurants clothes Gadgets car travelling and everything else. This is not much in Zurich where a haircut is 100
A 3k apartment would have saved you 1.5K. Renting out your London apartment to cover the interest (stay in a hotel when you go back home) is another 2-2.5K. Over the 3 years you worked here, that would have added about 180K to your savings

Oh, by the way, there are many places where you can get a haircut for about 25 CHF. If you want something fancier in Enge, 60 CHF should do it.
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  #29  
Old 26.09.2020, 21:46
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Re: Zurich enge vs pfaffikon Schwyz

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This is not much in Zurich where a haircut is 100
I pay a Turkish barber CHF 25 with tip in ZH... and I walk out looking fabulous
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  #30  
Old 26.09.2020, 21:48
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Re: Zurich enge vs pfaffikon Schwyz

I want to make one final observation on this thread before I propose it is closed

The salary I warnt was not burnt. I did not spend money on cocaine and champagne. It was spent on a nice apartment in beautiful Zurich all new whilst still keeping the London owned place which I was using when travelling back.

It was a great experience and I had many fabulous dinners and evenings in the flat with family and colleagues.

Now I am preparing for lean times so I have already started to downsize. If anything I am ahead of others who are still in the city when people will be at home for a lot longer.

Im budgeting for return of tax paid, and will be keeping the bonus as emergency money rather than paying down the mortgage as I normally do

This question was about tax saving. The answer is 8.5 k tax saving for 2020 if you move from Zurich to Schwyz. That is something that helps my financial planning
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  #31  
Old 11.10.2020, 21:48
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Re: Zurich enge vs pfaffikon Schwyz

Why are you giving him hard time, this is his life. Question was about tax issues. Check these 2 links dude, they provide pretty accurate calculation (in the second one, remove 3rd pillar max figure, if you want to have "crude" tax.

https://moneypark.ch/en/mortgage/tax-calculator/

https://www.ubs.com/ch/en/private/pe...ave-taxes.html
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  #32  
Old 12.10.2020, 11:30
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Re: Zurich enge vs pfaffikon Schwyz

Your calculation looks wrong to me. Did you mix up net and gross in the calculator? You said you are on 180k gross, 120k nett, but you entered 120k gross for the SZ tax...
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  #33  
Old 12.10.2020, 11:45
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Re: Zurich enge vs pfaffikon Schwyz

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Your calculation looks wrong to me. Did you mix up net and gross in the calculator? You said you are on 180k gross, 120k nett, but you entered 120k gross for the SZ tax...
It is correct. You have to enter net, actually net of the net, with all deductions as it asks for taxable income (Steuerbares Einkommen).

Taxable income at one canton might be different from another canton even when considering same distance to workplace.
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  #34  
Old 12.10.2020, 12:42
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Re: Zurich enge vs pfaffikon Schwyz

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Hi many thanks. I am already downsizing my apartment to something a little cheaper which will cost 3k.

What I am also trying to figure out is the tax saving. I am moving 1 December so that this years tax is at the lower rate but I cannot work out the expected benefit and therefore refund that I can expect and therefore what cash has been freed up to use
No, tax when you change canton during the year is calculated pro tempore.
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  #35  
Old 12.10.2020, 12:47
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Re: Zurich enge vs pfaffikon Schwyz

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No, tax when you change canton during the year is calculated pro tempore.
No, it isnt. Its based on where you are registered end of the calendar year (Zuzugsprinzip). I know because I have done so before. The only case I know where pro tempore is used is when you move WITHIN a canton and then only in a few of them, most use the Zuzugsprinzip as well.
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  #36  
Old 12.10.2020, 12:49
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Re: Zurich enge vs pfaffikon Schwyz

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I understand your point of view but also please understand that saving money is not easy. Just today I have spent 400chf for unblocking a sink, 150 chf on fuel 200+ on food and the car tyres need replacing tomorrow which will cost god only knows.
If you live in Enge you don't need a car.

I'm no plumber but unblocking a sink is easy with some toys from Bau and Hobby and youtube.

And even on the few occasions I have had a plumber in. I've never spent anywhere near 400 CHF.
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  #37  
Old 12.10.2020, 12:51
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Re: Zurich enge vs pfaffikon Schwyz

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No, it isnt. Its based on where you are registered end of the calendar year (Zuzugsprinzip). I know because I have done so before. The only case I know where pro tempore is used is when you move WITHIN a canton and then only in a few of them, most use the Zuzugsprinzip as well.
OK, didn't know that.

then there must be a huge market for all the rich people living in ZH to pro-forma move to Wollerau on Dec 30th and back to ZH on Jan 2nd?
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Old 12.10.2020, 12:57
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Re: Zurich enge vs pfaffikon Schwyz

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OK, didn't know that.

then there must be a huge market for all the rich people living in ZH to pro-forma move to Wollerau on Dec 30th and back to ZH on Jan 2nd?

There is a suspiciously high number of smallish apartments in Hfe district... looks like there is a big market for small flats for people who "occasionally" live there and then claim "Wochenaufenthalter" in Zurich... you dont need to move back and forth for that. Some even push the envelope and claim that they live in a WG... while having a second residence conveniently close to their work.



Finding a bigger and nice flat to actually live in is not that easy... but in my eyes still much easier than Zurich city.
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