In 2022, Swiss voted to increase the official retirement age of women from 64 to 65, bringing it into line with the age for men. Later, an error was found in some of the numbers presented to voters to justify the change. After the error was revealed, the Socialist and Green parties asked Switzerland’s highest […]
Abolition of imputed rent gets bogged down in complexity
A project to end Switzerland’s controversial system of imputed rent was launched more than seven years ago. This week, discussions in Bern suggest the project’s chances of sucess remain narrow. In Switzerland, anyone who owns a property retained as a primary or secondary residence must add a fictional rent to their taxable income, which is […]
Swiss parliament accepts contentious budget
On Thursday, Switzerland’s federal parliament accepted a budget for 2025 by 120 versus 73 votes, reported RTS. Opposing votes came from politicians on the left, who make up a large minority in Switzerland’s lower house. Included in the budget were an increase in military spending, cuts to farm subsidies and large cuts to international aid. […]
Possible relief for the nearly half a million Swiss struggling with debt
In Switzerland, nearly half a million people are struggling with debt. This week, parliament discussed new measures that may offer relief to those unable to dig themselves out of insolvency, reported RTS. In Switzerland, personal bankruptcy does not extinguish your debts in the same way as it does across much of the rest of world. […]
Swiss homeowners shun heat pumps in favour of gas and oil heating
Electric heat pumps have a lower carbon footprint than gas and oil heating systems. They are more energy efficient, and, when gas, coal and oil electricity generation are eventually phased out of the grid, they will be close to emission free. However, the number of heat pumps being installed in Switzerland is falling, and the […]
Rail infrastructure cost overrun surprises Swiss government
Last weekend, Swiss voters rejected a plan to invest in road infrastructure, partly due to the CHF 4.9 billion price tag. This week, Switzerland’s federal parliament learned the CHF 16.4 billion budgeted for rail infrastructure expansion between now and 2035 could reach more than CHF 30 billion, reported SRF. The cost overrun was first reported […]
Swiss to vote on healthcare funding rule changes
The rising cost of Switzerland’s compulsory health insurance is a major political issue. The government has hatched a plan aimed at improving incentives in the hope it will reduce the seemingly never ending rise in health insurance premiums. However, a number of people sceptical of the plan’s ability to deliver the saving have organised a […]
Swiss to vote on tenancy laws this weekend
Most people in Switzerland rent. This means the nation has strict tenancy rules, some of which are viewed as too strict by the current government. Both parliament and the Council of States have come up with two changes aimed at limiting the actions of tenants, which are considered abusive. These two votes are the result […]
Swiss wages set to rise in 2025
In 2025, many wage earners will see their pay rise. However, the increases may not be sufficient to cover the rising costs, rising health insurance premiums in particular. Who will receive more pay next year? Migros and Coop, Switzerland’s two largest private employers have announced pay increases of 1% to 1.3%, reported SRF. Denner, which […]
Federal Council hopes to boost savings with pension change
Switzerland’s pension system has three elements. The first is a state pension linked to the number of years worked. This is funded by a tax. The second is a salary based scheme funded by salary deductions, and the third is an optional element known as the third pillar. Contributions to all of these are tax […]
