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Tag Archives: Personal finance

Disability welfare – fraud investigations expected to save 170 million

By January 2018, the number receiving disability welfare in Switzerland had dropped to 217,200, 40,300 fewer than in 2006 when the number reached a record 257,500. © Andrea De Martin | Dreamstime.com Switzerland’s Federal Social Insurance Office (FSIO) attributes the reduction to an occupational rehabilitation programme started in 2008, and disability welfare fraud investigations. In 2017, 40,800 disability beneficiaries were eligible for the occupational rehabilitation programme, designed to...

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Median Swiss salary rises

Swiss salaries have risen according to a recently published report by Switzerland’s Federal Statistical Office. © Disqdr | Dreamstime.com The median gross monthly salary was CHF 6,5021 in 2016, CHF 313 higher than in 2014. 50% of Swiss workers earned more than this and 50% earned less. CHF 6,502 a month is an annual salary of CHF 78,024 (US$ 78,200). The extra CHF 313 is a 5% increase over two years. In real terms, after adjusting for inflation, it represents a rise of close to 7% – over 2015...

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Child care tax deductions set to rise in Switzerland

Switzerland’s Federal Council, or cabinet, plans to increase the maximum annual deduction for child care costs to CHF 25,000 per child, up from CHF 12,100. © Ekaterina Pokrovsky | Dreamstime.com This would allow parents to deduct up to this amount from their income for federal tax purposes but would not affect canton and commune taxes. Deductions could not exceed the amount spent. The plan aims to encourage more parents to work, particularly highly qualified parents. Some parts of the Swiss...

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Internships – Switzerland’s Young Socialists caught preaching one thing and practicing another

In collaboration with the Swiss union Unia, Switzerland’s Young Socialists have launched a protest against the exploitation of interns. © Loganban | Dreamstime.com To get on the career ladder, many young people feel compelled to take internships offering little or no pay. The Young Socialists are demanding interns be better paid. Recent data from the Federal Statistical Office shows that 23% of young workers (15-24) are on short-term contracts, 41% of them interns. Unpaid internships are a...

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Switzerland most expensive for meat

Switzerland has the world’s most expensive meat according to a survey compiled by Caterwings in Germany. The survey, which looks at meat prices in 52 countries, ranks Swiss prices at the top across all meat categories. © Marian Mocanu | Dreamstime.com - Click to enlarge On average, Swiss shoppers pay 142% more than the average across all meat categories. Chicken, the meat with the highest price premium, is 222% more...

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Switzerland most expensive for meat

Switzerland has the world’s most expensive meat according to a survey compiled by Caterwings in Germany. The survey, which looks at meat prices in 52 countries, ranks Swiss prices at the top across all meat categories. © Marian Mocanu | Dreamstime.com On average, Swiss shoppers pay 142% more than the average across all meat categories. Chicken, the meat with the highest price premium, is 222% more expensive in Switzerland than the average. Next are lamb (+174%), beef (+149%), pork (+115%) and...

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Some Swiss train fares to fall in June

This week, ch-direct, an association of public transport providers that sets ticket prices, announced there would be no ticket price rises in 2019. Instead the prices of some tickets will fall slightly on 1 June 2018. © Sergiomonti | Dreamstime.com - Click to enlarge The price small cuts on standard fares in June relate to the shift from 8.0% to 7.7% VAT at the beginning of the year. Inflation this year is forecast at...

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Taxes – one in seven in some Swiss cantons has unpaid tax

The cantons of Neuchâtel (14.7%) and Geneva (14.6%) have the highest percentages of taxpayers owing money, according to the newspaper SonntagsBlick. © Siriporn Kaenseeya | Dreamstime.com - Click to enlarge Fribourg (12.6%), Bern (9.5%) and Luzern (6.5%) complete the top-five. Vaud (5.9%), Basel-City (5.5%) and Zurich (2.4%) are further down. Aargau (2.0%) and Uri (1.0%) sit at the bottom with fewest with oustanding tax...

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Some Swiss train fares to fall in June

This week, ch-direct, an association of public transport providers that sets ticket prices, announced there would be no ticket price rises in 2019. Instead the prices of some tickets will fall slightly on 1 June 2018. © Sergiomonti | Dreamstime.com The price small cuts on standard fares in June relate to the shift from 8.0% to 7.7% VAT at the beginning of the year. Inflation this year is forecast at 0.6%, which means stable prices could deliver a small real inflation-adjusted saving to public...

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Taxes – one in seven in some Swiss cantons has unpaid tax

The cantons of Neuchâtel (14.7%) and Geneva (14.6%) have the highest percentages of taxpayers owing money, according to the newspaper SonntagsBlick. © Siriporn Kaenseeya | Dreamstime.com Fribourg (12.6%), Bern (9.5%) and Luzern (6.5%) complete the top-five. Vaud (5.9%), Basel-City (5.5%) and Zurich (2.4%) are further down. Aargau (2.0%) and Uri (1.0%) sit at the bottom with fewest with oustanding tax payments. These figures are only part of the picture. Those who borrow to pay their taxes are...

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