Tag Archives: Personal finance

The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. © Wrangel | Dreamstime Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten times the global average, placing Switzerland in the lead, if Iceland – with unreliable data – is ignored. Median Swiss wealth is somewhat lower: USD...

The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. © Wrangel | Dreamstime Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten times the global average, placing Switzerland in the lead, if Iceland – with unreliable data – is ignored. Median Swiss wealth is somewhat lower: USD...

The idea of digital IDs in Switzerland has been kicked around since 2002 when the government decided it was a good idea. Since then it has been hotly debated. Following a process of consultation, the government met on 15 November 2017, and announced it’s aiming to have some form of digital or e-ID written into Swiss law between now and the summer of 2018. © One Photo | Dreamstime The idea is simple. Government-issued physical IDs, such as passports, work well in person, however on the...

According to the newspaper NZZ am Sonntag, Switzerland’s federal government wants to allow Switzerland’s residents to claim for drugs bought abroad. Prices across the border are generally far lower. © Mike Clegg | Dreamstime As recently as March 2017, the government told insurers that anyone buying medicines abroad would have to pay for them out of their own pockets. Now they appear to be reconsidering. The NZZ said that drugs with expired patents cost on average 61% more in Switzerland than...

At the end of September the Swiss government announced an average nationwide health premium rise of 4% in 2018. © Pogonici | Dreamstime This government calculation is rather narrow. It only looks at the price of standard compulsory insurance, including accident cover, for an adult with a CHF 300 deductible. Price comparison site bonus.ch calculates that this policy configuration only applies to 18.3% of residents. When all available policy variations are included the average rise is 5.1%....

© Pogonici | Dreamstime - Click to enlarge At the end of September the Swiss government announced an average nationwide health premium rise of 4% in 2018. This government calculation is rather narrow. It only looks at the price of standard compulsory insurance, including accident cover, for an adult with a CHF 300 deductible. Price comparison site bonus.ch calculates that this policy configuration only applies to 18.3%...

© Blondsteve | Dreamstime As next year’s health premium bills find their way into Swiss mail or email boxes, the reality of another round of price increases starts to bite. Earlier this week, Switzerland’s Federal Council unveiled 38 measures that will be considered as part of a plan to tackle Switzerland’s rising health costs. A final plan will be presented next spring, according to 20 Minutes. A number of measures,...

As next year’s health premium bills find their way into Swiss mail or email boxes, the reality of another round of price increases starts to bite. © Blondsteve | Dreamstime Earlier this week, Switzerland’s Federal Council unveiled 38 measures that will be considered as part of a plan to tackle Switzerland’s rising health costs. A final plan will be presented next spring, according to 20 Minutes. A number of measures, such as the option of seeking treatment abroad, have already been...

Last year Switzerland’s government announced plans to change the rules on charging VAT on imported goods. © Rido Dreamstime - Click to enlarge Currently, most things ordered abroad and sent through the post to Switzerland that attract VAT of less than CHF 5, are waived through customs free of charge. This means if you buy clothing worth less than CHF 62.50, or books worth less than CHF 200, there is no import charge –...

Last year Switzerland’s government announced plans to change the rules on charging VAT on imported goods. © Rido Dreamstime - Click to enlarge Currently, most things ordered abroad and sent through the post to Switzerland that attract VAT of less than CHF 5, are waived through customs free of charge. This means if you buy clothing worth less than CHF 62.50, or books worth less than CHF 200, there is no import charge –...