Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #121  
Old 10.04.2013, 13:11
Member
 
Join Date: Feb 2007
Location: zURICH
Posts: 194
Groaned at 6 Times in 6 Posts
Thanked 6 Times in 5 Posts
Jo Flower is considered a nuisanceJo Flower is considered a nuisanceJo Flower is considered a nuisance
Re: Swiss pensions consolidated summary

Quote:
View Post
Changes cost money, so activities are often quite wide. Being a sole trader might be less hassle as the costs of running a company are higher.
Is there a minimum income that one needs to generate per yr in order to qualify for the sole trader classification? Can this be for example teaching English as a foreing language? Can one make CHf3K per yr and still be classified as sole trader? Is it difficult to be accepted as a sole trader by the local authorities? Are they very strict???

Quote:
View Post
Changes cost money, so activities are often quite wide.
How much would that cost to make a change? Is it like CHF1K or more?

Quote:
View Post
The costs of running a company are higher.
If it is a simple business, what are the possible range of annual costs? what is the breakdown of the main costs?
Reply With Quote
  #122  
Old 10.04.2013, 13:14
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Is there a minimum income that one needs to generate per yr in order to qualify for the sole trader classification? Can this be for example teaching English as a foreing language? Can one make CHf3K per yr and still be classified as sole trader?



How much would that cost to make a change? Is it like CHF1K or more?



If it is a simple business, what are the possible range of annual costs? what is the breakdown of the main costs?
3k as a sole trader is fine.

Changes will probably need to be done by a lawyer so 1k

Accountancy costs & filing is more complicated 2-5k
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #123  
Old 10.04.2013, 13:36
dannyt986's Avatar
Forum Veteran
 
Join Date: May 2005
Location: Wollerau, Schwyz
Posts: 1,834
Groaned at 26 Times in 19 Posts
Thanked 727 Times in 487 Posts
dannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
About "can GmbH be involved in more than one activity " - basically you can do whatever you listed in the Handelsregister as the company activities (Zweck).
Now totally off topic, moderation please. This sticky is polluted enough as it is. Thanks.
Reply With Quote
  #124  
Old 10.04.2013, 15:14
Member
 
Join Date: Feb 2007
Location: zURICH
Posts: 194
Groaned at 6 Times in 6 Posts
Thanked 6 Times in 5 Posts
Jo Flower is considered a nuisanceJo Flower is considered a nuisanceJo Flower is considered a nuisance
Re: Swiss pensions consolidated summary

Quote:
View Post
Accountancy costs & filing is more complicated 2-5k
thanks. Would this 2 -5K include tax filings? Are there any additional costs if business owner makes himslef an employee of GmbH? AVS and what other employee related payments are compulsory for GmbH?
Reply With Quote
  #125  
Old 10.04.2013, 15:20
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
thanks. Would this 2 -5K include tax filings? Are there any additional costs if business owner makes himslef an employee of GmbH? AVS and what other employee related payments are compulsory for GmbH?
Compulsory accident insurance etc liability a good idea.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #126  
Old 10.04.2013, 15:22
Member
 
Join Date: Feb 2007
Location: zURICH
Posts: 194
Groaned at 6 Times in 6 Posts
Thanked 6 Times in 5 Posts
Jo Flower is considered a nuisanceJo Flower is considered a nuisanceJo Flower is considered a nuisance
Re: Swiss pensions consolidated summary

Quote:
View Post
Compulsory accident insurance etc liability a good idea.
Thanks. Regarding an approximate total for Compulsory accident insurance etc liability are we talking about a few hundred CHF per yr? say under CHF500 or under CHF1K per employee per yr?
Reply With Quote
  #127  
Old 10.04.2013, 15:28
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Thanks. Regarding an approximate total for Compulsory accident insurance etc liability are we talking about a few hundred CHF per yr? say under CHF500 or under CHF1K per employee per yr?
Accident insurance is based on salary 1k will cover
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #128  
Old 04.07.2013, 17:36
Newbie 1st class
 
Join Date: Jun 2013
Location: Baden
Posts: 12
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 2 Posts
MickyOGooner has no particular reputation at present
Re: Swiss pensions consolidated summary

Many thanks ...this is very helpful
Reply With Quote
  #129  
Old 17.07.2013, 13:56
Newbie
 
Join Date: Jul 2013
Location: Bern
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
paplis has no particular reputation at present
Re: Swiss pensions consolidated summary

Hi I am now 2 months in Swiss and I get my first money and wanted to ask what is NBUV KTG .. It is the first time they give me paycheck.

Thanks a lot
Reply With Quote
  #130  
Old 17.07.2013, 14:13
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Hi I am now 2 months in Swiss and I get my first money and wanted to ask what is NBUV KTG .. It is the first time they give me paycheck.

Thanks a lot
non work accident insurance.
Reply With Quote
  #131  
Old 17.07.2013, 17:59
Newbie
 
Join Date: Jul 2013
Location: Bern
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
paplis has no particular reputation at present
Re: Swiss pensions consolidated summary

Thanks for the fast answer .. so the NBUV is the insurance and the KTG?
Reply With Quote
  #132  
Old 22.07.2013, 22:40
Cybersuz's Avatar
Member
 
Join Date: Aug 2009
Location: Dottikon Aargau
Posts: 235
Groaned at 2 Times in 2 Posts
Thanked 113 Times in 55 Posts
Cybersuz is considered knowledgeableCybersuz is considered knowledgeableCybersuz is considered knowledgeable
Re: Swiss pensions consolidated summary

Hi all,

This whole tax thing is doing my head in. Trying to find an answer is a nightmare.

Does anyone know what the % withholding tax is that you pay if you withdraw funds from your pension fund to buy a primary property?

Thank you!
Reply With Quote
  #133  
Old 22.07.2013, 22:59
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Hi all,

This whole tax thing is doing my head in. Trying to find an answer is a nightmare.

Does anyone know what the % withholding tax is that you pay if you withdraw funds from your pension fund to buy a primary property?

Thank you!
Could be about 6%, depends on how much money & what canton the pension fund is in.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #134  
Old 22.07.2013, 23:00
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 10,591
Groaned at 472 Times in 405 Posts
Thanked 19,420 Times in 10,252 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Hi all,

This whole tax thing is doing my head in. Trying to find an answer is a nightmare.

Does anyone know what the % withholding tax is that you pay if you withdraw funds from your pension fund to buy a primary property?

Thank you!
Different Kantons charge different rates so anything between 4% & 10% depending where the pension fund is.
Reply With Quote
The following 2 users would like to thank marton for this useful post:
  #135  
Old 23.07.2013, 00:00
Cybersuz's Avatar
Member
 
Join Date: Aug 2009
Location: Dottikon Aargau
Posts: 235
Groaned at 2 Times in 2 Posts
Thanked 113 Times in 55 Posts
Cybersuz is considered knowledgeableCybersuz is considered knowledgeableCybersuz is considered knowledgeable
Re: Swiss pensions consolidated summary

Quote:
View Post
Could be about 6%, depends on how much money & what canton the pension fund is in.
Quote:
View Post
Different Kantons charge different rates so anything between 4% & 10% depending where the pension fund is.
Thank you both for the replies.

Any idea where can I find out the rate for Kanton Zurich?

Thank you!!
Reply With Quote
  #136  
Old 23.07.2013, 07:18
jaudi's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: zurich
Posts: 556
Groaned at 4 Times in 4 Posts
Thanked 486 Times in 224 Posts
jaudi has a reputation beyond reputejaudi has a reputation beyond reputejaudi has a reputation beyond reputejaudi has a reputation beyond repute
Re: Swiss pensions consolidated summary

They have a couple of handy calculators:

http://www.steueramt.zh.ch/internet/...e_stst_kl.html

You need to pay both Staats&Gemeindesteuer auf Kapitalleistungen and Direkte Bundesteuer auf Kapitalleistungen, but at different rates, hence two calculators. Enter the amount you wish to withdraw in the 'Kapitalleistungen' field.
Reply With Quote
The following 2 users would like to thank jaudi for this useful post:
  #137  
Old 23.07.2013, 08:49
Cybersuz's Avatar
Member
 
Join Date: Aug 2009
Location: Dottikon Aargau
Posts: 235
Groaned at 2 Times in 2 Posts
Thanked 113 Times in 55 Posts
Cybersuz is considered knowledgeableCybersuz is considered knowledgeableCybersuz is considered knowledgeable
Re: Swiss pensions consolidated summary

Quote:
View Post
They have a couple of handy calculators:

http://www.steueramt.zh.ch/internet/...e_stst_kl.html

You need to pay both Staats&Gemeindesteuer auf Kapitalleistungen and Direkte Bundesteuer auf Kapitalleistungen, but at different rates, hence two calculators. Enter the amount you wish to withdraw in the 'Kapitalleistungen' field.
Thank you so much! This was extremely useful! Much appreciated!
Reply With Quote
  #138  
Old 18.08.2013, 09:12
Banned
 
Join Date: Jun 2013
Location: Zürich
Posts: 13
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
CaliforniaZRH has no particular reputation at present
Re: Swiss pensions consolidated summary

Hi, I can't seem to find an answer to this in the previous discussions on Pillar II. Somebody asked about the minimum contribution rate to Pillar II in a previous thread. The response given was that it was a formula based on

Salary
Age

The higher the salary and age the higher the percentage. I'm trying to figure out what is that formula. There are plenty of tax calculators online which tells you the tax withholdings, but I can't seem to find one that tells you about the Pillar II contributions.

I know that for an employee the higher the contribution rate the better. I'm trying to find out what is the minimum for both the employee and the employer.

Thanks
Reply With Quote
  #139  
Old 18.08.2013, 15:12
dannyt986's Avatar
Forum Veteran
 
Join Date: May 2005
Location: Wollerau, Schwyz
Posts: 1,834
Groaned at 26 Times in 19 Posts
Thanked 727 Times in 487 Posts
dannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond reputedannyt986 has a reputation beyond repute
Re: Swiss pensions consolidated summary

Quote:
View Post
Hi, I can't seem to find an answer to this in the previous discussions on Pillar II. Somebody asked about the minimum contribution rate to Pillar II in a previous thread. The response given was that it was a formula based on

Salary
Age

The higher the salary and age the higher the percentage. I'm trying to figure out what is that formula. There are plenty of tax calculators online which tells you the tax withholdings, but I can't seem to find one that tells you about the Pillar II contributions.

I know that for an employee the higher the contribution rate the better. I'm trying to find out what is the minimum for both the employee and the employer.

Thanks
Actual contributions depend very much on the extent to which an employer provides additional coverage (insured maximum salary, contribution rate by age bracket and % of total paid by the employer). Most companies offer "over obligatory" benefits in this area. The contributions are tax deductable (and generally already deducted in your annual taxable salary statement).

Statutory minimums pension 3 contributions are paid 50% by employer, 50% by employee, on the salary between 25kchf and 84kchf at savings rate between 7% and 18% of the insured salary. There will also be an insurance contribution (for death in service benefits etc) of 3-4% of the salary again shared.

http://www.bsv.admin.ch/kmu/ratgeber...x.html?lang=de
__________________
www.templeman.net
Reply With Quote
This user would like to thank dannyt986 for this useful post:
  #140  
Old 30.08.2013, 14:06
Forum Veteran
 
Join Date: Jan 2013
Location: Basel
Posts: 609
Groaned at 1 Time in 1 Post
Thanked 366 Times in 221 Posts
BaselPT is considered knowledgeableBaselPT is considered knowledgeableBaselPT is considered knowledgeable
Re: Swiss pensions consolidated summary

I have a question, I tried a few searches but it is something a bit specific so I couldn't find anything.

I have now received 2 salaries, and my 2nd one was lower.
After investigating the issue, the AHV and ALV payments were deducted in both months, and the difference was due to 3 "PK" amounts deducted (PK = Pensionkasse I believe):
PK Sparbeitrag
PK Risikobeitrag
PK Verwaltungskosten

which I believe are due to pension payment, and appeared only on the 2nd month (and I presume will be deducted in future months as well).

Now I am a bit puzzled because I thought these payments are compulsory, shouldn't my employer have deducted it on my first month as well? Is this a problem and should I do something about it or just be glad I got a little bit extra and pocket it for my own pension savings (like Pillar 3a which I intend to sign up for soon)?
Reply With Quote
Reply

Tags
avs, bvg, contributions, leaving switzerland, lpp, pillars, sticky thread, swiss pension, tax saving, vested benefits




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
Summary of Cycling Events in Zurich dakman Sports / Fitness / Beauty / Wellness 22 23.03.2016 12:20
Swiss & UK pensions - confused & need help Flower Finance/banking/taxation 10 28.01.2015 08:34
What pensions become GVAbound Finance/banking/taxation 6 06.12.2008 23:23
Consolidated "Unicef/Craig" thread craig_nelson Employment 23 19.04.2007 14:36
Email summary of postings Diem Forum support 0 24.12.2005 08:14


All times are GMT +2. The time now is 15:38.


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