Tag Archives: Personal finance

© Aris Suwanmalee | Dreamstime.com Around one hospital in ten in Switzerland could end up in financial difficultly, according to a report by PWC. In addition, 37 of the 44 hospitals surveyed will not be profitable enough to remain competitive over the next five to ten years, predict the authors of the report. The shift towards more outpatient care instead of more expensive hospitalisation is still a work in progress. Substantial disincentives to make the shift have...

© Joerg Stoeber | Dreamstime.com Unemployment rose in the third quarter of 2019, however, there have never been more jobs in Switzerland. The total number of jobs in Switzerland rose to 5.137 million at 30 September 2019, a level never seen before. The figure was 1.3% higher than at 30 September 2018 and 0.3% higher than 30 June 2019. And the rise wasn’t due to shift towards part time jobs. On a full time equivalent basis (FTE) there were 1.1% more jobs at 30...

Around one hospital in ten in Switzerland could end up in financial difficultly, according to a report by PWC. © Aris Suwanmalee | Dreamstime.comIn addition, 37 of the 44 hospitals surveyed will not be profitable enough to remain competitive over the next five to ten years, predict the authors of the report. The shift towards more outpatient care instead of more expensive hospitalisation is still a work in progress. Substantial disincentives to make the shift have not been eliminated...

Unemployment rose in the third quarter of 2019, however, there have never been more jobs in Switzerland. © Joerg Stoeber | Dreamstime.comThe total number of jobs in Switzerland rose to 5.137 million at 30 September 2019, a level never seen before. The figure was 1.3% higher than at 30 September 2018 and 0.3% higher than 30 June 2019. And the rise wasn’t due to shift towards part time jobs. On a full time equivalent basis (FTE) there were 1.1% more jobs at 30 September 2019 than there...

© Viktoriia Novokhatska | Dreamstime.com At its meeting on 27 November 2019, the Federal Council set out its plan for the refund of value-added tax (VAT) on Switzerland’s radio and television licence, formerly known as Billag. Between 2010 and 2015, VAT was charged on Swiss television and radio licences. The Federal Tribunal, Switzerland’s highest court, has stated in two judgments that no VAT may be levied on the licence and that the federal government must repay...

At its meeting on 27 November 2019, the Federal Council set out its plan for the refund of value-added tax (VAT) on Switzerland’s radio and television licence, formerly known as Billag. © Viktoriia Novokhatska | Dreamstime.comBetween 2010 and 2015, VAT was charged on Swiss television and radio licences. The Federal Tribunal, Switzerland’s highest court, has stated in two judgments that no VAT may be levied on the licence and that the federal government must repay the VAT charged...

Recently published figures show that average (mean) monthly household income in Switzerland in 2017 was CHF 9,917 (US$ 9,963). This is equal to CHF 119,004 (US$ 119,554) a year. Income is made up of salary income (CHF 6,320; 64%), freelance income (CHF 984; 10%), investment income (CHF 494; 5%) and money from the government (CHF 2,119; 21%) – pensions and other welfare and transfers. The largest item of expenditure is taxes and compulsory insurance (CHF 2,933; 30%), although this...

Recently published statistics suggest most Swiss prefer home grown animal products. © Swisshippo | Dreamstime.comThree quarters (75%) of those surveyed said they preferred Swiss eggs and more than half preferred Swiss meat (51%) and dairy products (59%). Reasons for preferring local animal products were to support local farmers (nearly 25%), low food miles (15%) and product quality (15%). 40% considered Swiss agriculture to be trustworthy and 33% thought it was customer centred....

40% of workers currently aged between 50 and 64 would like to continue working beyond retirement age, according to a survey conducted by Deloitte. © Kurhan | Dreamstime.comSwitzerland’s growing demographic imbalance is not only putting pressure on Switzerland’s social security system but also reducing its pool of labour. According to UBS, by 2030, the Swiss labour market will face a shortfall of between 230,000 and 500,000 workers. Labour market participation decreases significantly...

Switzerland’s low unemployment rate is the envy of many EU countries. However, in the third quarter of 2019, Switzerland underperformed the EU. © Suriel Ramirez Zaldivar | Dreamstime.comRecent statistics show Switzerland’s overall rate of unemployment in the third quarter rose from 4.2% (Q3 2018) to 4.6% (Q3 2019) – these figures are based on the International Labour Organisation definition of unemployment. The lower measure typically used in Switzerland includes only those still...