The latest figures show that Swiss salaries have not kept up with inflation. An average Swiss salary rose 0.4% in 2017, compared to inflation of 0.5%. This left the average salary earner 0.1% worse off in real terms over the year. The figures were the same for both the secondary and tertiary sectors. The rise […]
No relief for Swiss renters as mortgage rates barely move
Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 2 June 2017 when it fell to 1.5%, its lowest level since 2008. The […]
Switzerland’s electronic motorway vignette to be optional
This week, Switzerland’s Federal Council decided the planned electronic motorway vignette will be optional. Drivers will be able to choose. Anyone wanting to drive on Switzerland’s motorway network must first buy a vignette, a road tax sticker introduced in 1985, which must be displayed on the windscreen. It currently costs CHF 40. The government’s announcement […]
Swiss unemployment benefits cut for a one-day filing delay
Switzerland’s unemployment benefits might be generous but they are strictly policed, as one recipient recently discovered. For a period of up to approximately two years after losing a job, most workers in Switzerland receive 70% of their former salary up to a maximum of CHF 88,200 a year – the amount paid varies depending on […]
Swiss households to get partial TV licence refund
Following a recently published decision by the Federal Tribunal, Switzerland’s highest court, VAT charged on Switzerland’s radio and TV licence from 2010 to 2015 will be refunded to all those who paid the fee over this period. The Federal Department of Communications (DETEC) has begun the process of coming up with the legal mechanics for […]
Plans for Swiss paternity leave being discussed
A government commission has come out in favour of paid paternity leave and has until 2 March 2019 to discuss a plan to offer new fathers two weeks of paid leave, according to RTS. The aim is to come up with a compromise between the 20 days in a referendum being put to voters at […]
Minimum return on Swiss pensions unchanged
A government commission looking at the rate, called for a reduction to 0.75%, while unions demanded a rise to 1.25%. In the end the Federal Council decided to take the middle road and leave the rate at 1% for 2019. The rate is the minimum pension funds must apply to employment related 2nd pillar pension […]
Children as young as 11 held responsible for phone debts at Swisscom
Before the advent of mobile phones few children had phone contracts. Now, many young children have them. So what happens when payments are missed? If the contract is with Swisscom, then children as young as 11 could have debt collectors pursuing them, according to a case reported by RTS. According to RTS, a 22 year-old […]
New Swiss broadcasting fee starts next year
After a referendum in March 2018 threatened to axe Switzerland’s costly broadcasting fee, the government put forward a counter proposal, which was adopted when 71.6% of voters voted to keep the fee. On 1 January 2019, the lower fee contained in the government’s plan will come into force. Next year, instead of CHF 451, each […]
Switzerland expecting a 2.5 billion franc federal surplus for 2018
The latest figures forecast Switzerland’s federal spending for 2018 will be CHF 0.9 billion less than expected. This and higher than expected receipts of CHF 1.3 billion add up to an extra CHF 2.2 billion on top of an original budget surplus of CHF 0.3 billion, bringing the total forecast federal surplus to CHF 2.5 […]
