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Tag Archives: Personal finance

Thousands of cross-border workers risk big bills for health insurance

Tribune de Genève. Thousands of cross-border workers working in the canton of Geneva, who have not yet formally sorted out their health insurance situation, risk getting a big bill. © Pogonici | Dreamstime.com This week the canton made a final call to those living in France and working in Geneva to make a formal choice between the French and Swiss health systems, something which must be done before the final deadline on 30 September 2017. The requirement applies beyond those working in...

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New 50 Swiss franc note wins international beauty contest

A Swiss 50. What a beauty – © Hai Huy Ton That | Dreamstime.com The new 50 franc note, launched last year, was voted the best new bank note in 2016 by the International Bank Note Society, a society founded in 1961. Nearly 120 new banknotes were released worldwide in 2016. The Swiss 50 only narrowly beat the Maldive Islands 1000 Rufiyaa bill, Argentina’s 500 Peso jaguar, and the Royal Bank of Scotland’s 5 Pound first...

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New 50 Swiss franc note wins international beauty contest

The new 50 franc note, launched last year, was voted the best new bank note in 2016 by the International Bank Note Society, a society founded in 1961. A Swiss 50. What a beauty – © Hai Huy Ton That | Dreamstime.com Nearly 120 new banknotes were released worldwide in 2016. The Swiss 50 only narrowly beat the Maldive Islands 1000 Rufiyaa bill, Argentina’s 500 Peso jaguar, and the Royal Bank of Scotland’s 5 Pound first polymer note. In addition to its good looks, the Swiss 50 is likely to hold...

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Swiss employers continue to discriminate against over 50s

Travail Suisse, an association representing Swiss employees, highlights once more the age discrimination faced by those over 50 in the Swiss job market. © Felix Mizioznikov | Dreamstime.com In March 2017, 26.8% of unemployed in the this age group had been without work for more than a year, compared to 2.3% of those between 15 and 24 and 14.1% of those aged 25 to 49. According to RTS, the unemployed over 50 take twice as long to find a new job. The number expected to join their ranks is...

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Swiss employers continue to discriminate against over 50s

Travail Suisse, an association representing Swiss employees, highlights once more the age discrimination faced by those over 50 in the Swiss job market. © Felix Mizioznikov | Dreamstime.com In March 2017, 26.8% of unemployed in the this age group had been without work for more than a year, compared to 2.3% of those between 15 and 24 and 14.1% of those aged 25 to 49. According to RTS, the unemployed over 50 take twice as long to find a new job. The number expected to join their ranks is...

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Some UN consultants thought their income was tax free. They were wrong.

Photo: Phillip Judd Some United Nations consultants haven’t paid taxes on their income, thinking it was exempt. When the tax authorities catch up with them they’ll risk paying back taxes and fines. As a general rule, foreign UN functionaries are not required to pay local taxes on their income. On the other hand UN consultants must. Over the weekend, Swiss broadcaster RTS, explain the details of a system misunderstood by...

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Some UN consultants thought their income was tax free. They were wrong.

20 Minutes. Some United Nations consultants haven’t paid taxes on their income, thinking it was exempt. When the tax authorities catch up with them they’ll risk paying back taxes and fines. Photo: Phillip Judd As a general rule, foreign UN functionaries are not required to pay local taxes on their income. On the other hand UN consultants must. Over the weekend, Swiss broadcaster RTS, explain the details of a system misunderstood by some. The programme showed an IT consultant, who convinced no...

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A fifth of Swiss can’t cope with an unexpected expense of 2,500 francs

In 2015, 21.7% of Switzerland’s population was unable to cover an unexpected expense of CHF 2,500 within a month, says a report from the Swiss Federal Statistics Office. ©-Alex-Hinds-Dreamstime.com_ - Click to enlarge Single parent families were the least able to cope with 46.1% of them falling into this camp. Single parent families were followed by single people under 65 (27.1%) and two-parent families (24.0%)....

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A fifth of Swiss can’t cope with an unexpected expense of 2,500 francs

In 2015, 21.7% of Switzerland’s population was unable to cover an unexpected expense of CHF 2,500 within a month, says a report from the Swiss Federal Statistics Office. © Alex Hinds | Dreamstime.com Single parent families were the least able to cope with 46.1% of them falling into this camp. Single parent families were followed by single people under 65 (27.1%) and two-parent families (24.0%). Among couples with no children only 12.2% would struggle to cover an unplanned payment of 2,500...

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The real reason Swiss drugs are so expensive

24 Heures. In Switzerland, a 16-pack of 500mg Dafalgan Odis (Paracetamol) costs CHF 8.60. A comparable French product, Doliprane, costs 1.12 euros for a box of 12 tablets the same size. 12 tablets of 500 mg of Algifor (Ibuprofen) costs CHF 9.90 compared to 2.50 euros for a similar box of Advil in France. © Ginasanders | Dreamstime.com Another product, Nivea Baby Serum physiologique (24 x 5 ml), an eye and nose cleanser for babies, costs CHF 9.50 ordered from the Swiss online retailer Zur...

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