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Old 14.10.2020, 10:09
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Re: Tax implications for 250k salary

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That is a really weird thing as normally CH has the highest salary ranges. Are you moving within the same pay grade or to a lower one? Can you ask your HR to provide you a gross-to-net comparison for both locations?
Not necessarily. For junior staff, fresh grads, HK and Singapore are much lower. For senior managers, itís different depending on the industry. The guy in Singapore who reports to me earns more than me, simply because there is a lack of people with his specific skill sets in Singapore, but plenty in Switzerland.

Good point about asking HR - they should provide it, especially if they want to entice you to make a move...
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Old 14.10.2020, 13:28
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Re: Tax implications for 250k salary

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I don't want to put a label to "middle class", but I think a comfortable life in Hong Kong where you can breathe a bit and not worry about money, would probably start at around 50-60k CHF. But even this is a controversial statement as you can get by with less (and many do) - similarly, many expats pay more than that in rent alone, so there is really no upper limit. All just my opinion of course.
I think you are better off in HK. However if you prefer the life style, environment, etc of Switzerland, don't hesitate to move.
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Old 15.10.2020, 18:14
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Re: Tax implications for 250k salary

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Surely it's a question of lifestyle more than money? You can't really compare a thriving international city like Singapore with risk-averse, conformist and hierarchical Switzerland. Sounds like you've lived in both countries before so you should have a decent idea of which culture you prefer. The money sounds about the same (give or take a few percentage points) so I'm not sure why money would be the deciding factor.
It's Hong Kong rather than Singapore, and was Geneva rather than Zurich, but your point is still valid (though the recent political climate here casts some doubt over how "thriving" Hong Kong is). I have enjoyed living in both places, but after almost 10 years here, a change would be welcome. And money is just one factor, I just wanted to check my facts with the knowledgeable people here. The other factors (job, lifestyle) is more difficult to get answers to on a forum.
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  #44  
Old 16.10.2020, 19:04
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Re: Tax implications for 250k salary

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Not necessarily. For junior staff, fresh grads, HK and Singapore are much lower. For senior managers, itís different depending on the industry. The guy in Singapore who reports to me earns more than me, simply because there is a lack of people with his specific skill sets in Singapore, but plenty in Switzerland.

Good point about asking HR - they should provide it, especially if they want to entice you to make a move...
I agree - was referring to the salary band that would land the OP on 250 K here. In those bands for managerial positions, CH is typically higher in my experience.
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Old 17.10.2020, 20:36
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Re: Tax implications for 250k salary

Regarding health insurance many here quote exceptionally low rates for basic insurance.

This is all great as long as you are not sick, if you will actually need assistance you would be very surprised by all the things not included in basic insurance. It is not just nice 1-person rooms in the hospitals but also level of service, getting second opinion, access to certain high priced medicine etc.

In my family we always paid considerably more then minimal rate (about 1.7k for 2 people now) because we could afford it and -unfortunately- it paid off, a member of my family became very ill over 10 years ago and this private insurance is a blessing:

  • Obviously private rooms in hospitals.
  • We can get second and third opinions from leading docs without any complaints from insurance
  • We can get MRIs and other high cost checks many times a year without visits to home doc first and trust me: this is a blessing if each visit to doctor / travel by car is -literally- very painful and dangerous experience.
  • We got prescription and coverage to THC pain management drugs (Sativex) only because we had this additional insurance, otherwise we'd be swallowing cheap and horrible Oxynorm Opiodes (absolutely ridiculous)
  • We got coverage to other very high price drugs only because of private insurance

And so on. In a nutshell we can concentrate on fighting the illness instead of fighting the insurance.


Always remember: If you do get sick it will be too late for upgrade. So I would advise to consider paying more for additional security.

Cheers

Last edited by Son of Mom; 17.10.2020 at 20:48.
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