Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 13.10.2020, 09:38
Newbie 1st class
Join Date: Sep 2019
Location: Hong Kong
Posts: 19
Groaned at 0 Times in 0 Posts
Thanked 10 Times in 6 Posts
zyxi has no particular reputation at present
Tax implications for 250k salary

Hi everyone,

I'm considering an offer to move from Asia to Zurich, but I just wanted to check that I have my numbers right when it comes to determining final take-home pay. I'm quite excited by the prospect, but I'm afraid that financially it actually doesn't make sense. I'm expecting about 250k CHF total annual compensation (same as what I earn now), so I'll use this figure below to work things out.

In my current position, I just pay about 15% in tax + 3% into a pension (similar to pillar 2), i.e. total 18%, and my take-home pay is therefore 205k annually, or 17k/month.

I used swisstaxcalculator.estv.admin.ch to calculate tax and contributions (leaving the default deducations), and added various items like pension and health insurance, and it comes down to this:

Municipal_____19,575___7.8% (assuming living centrally for now)
Pension______12,500___5.0% (?)
Health ins____12,000___4.8% (for two people)

Take-home = 250k - 91k = 159k
Monthly = 13k

So if I'm correct, it seems my take-home pay would be 25% less, i.e. decreasing by about 4000 CHF/month or roughly 50,000 CHF per year (ouch). In addition, I estimate my rent in Zurich would be about 1000CHF more than what I pay now, so it's actually more like a 30% cut in disposable income.

I just wanted to check that I have my facts straight and that I'm not missing something (either a cost or a benefit). Is the above correct, at least approximately? I completely realise that 250k is a large and comfortable salary which I am lucky to receive, and it is plenty to live off, so I am not complaining - I am just comparing with my current situation. There are other factors at play too in the decision!

Thanks for your help!
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Downsizing car - tax implications alitoast Finance/banking/taxation 4 16.02.2019 20:39
any UK tax implications Papa Goose Finance/banking/taxation 11 17.04.2015 18:50
Just got a C Permit, what are the implications? rcp27 Permits/visas/government 10 13.12.2013 11:09
Implications of name change kriz Permits/visas/government 4 04.08.2010 18:37
Spartathlon 250k Race.... healthy? Papa Goose Sports / Fitness / Beauty / Wellness 1 25.01.2010 11:14

All times are GMT +2. The time now is 02:14.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0