Starting in September 2018, health insurance premiums in excess of 12% of income in the canton of Vaud will be covered by the government. From the beginning of 2019, this percentage will be reduced to 10%, increasing the number of people who qualify and the size of the subsidies, according to the newspaper Le Matin. […]
Swiss study recommends 38 weeks of parental leave
A referendum calling for four weeks of paternity leave is currently working it’s way through the system. This week, a government commission gave its verdict on the vote, recommending two weeks of paternity leave instead of the four set out in the referendum’s text. Their commission’s main concerns are centred on the impact on companies […]
The secrets of the new 200 Swiss franc note
Switzerland began updating its notes starting with the 50 franc note in April 2016. It then issued the new 20 franc note in May 2017, and the new 10 in October 2017. The newest note to grace Swiss wallets, pockets and purses is the 200 franc note, which was launched on 22 August 2018. Switzerland’s […]
Swiss health insurance companies aim to make it easier to break contracts
Swiss health insurance companies are aiming to change laws to make it easier for them to unilaterally end complementary insurance contracts, according to the newspaper Le Matin. Health insurers have managed to get this possibility included in a project aimed at revising Switzerland’s laws on insurance contracts, set for discussion by a parliamentary committee this […]
Accident and emergency patients might soon be charged a pre-treatment fee
The Swiss government is looking hard to find ways to reduce the cost of health care. One idea is to make accident and emergency patients pay a CHF 50 fee before treatment. National counsellor Thomas Weibel put forward a parliamentary initiative to levy a CHF 50 charge at the time of hospital admission. The measure […]
New initiative aims to end age discrimination on pension contributions
In Switzerland, pension rules make it more expensive to employ older workers. The amount employers must contribute to 2nd pillar contribution-based employee pensions increases with age. Workers under 35 only cost an additional 3.5% of salary. From 55, workers cost employers an additional 9% – workers aged 35 to 44 cost employers an additional 5% […]
Majority favours later retirement for women, according to survey
In Switzerland, the official retirement age for women is 64, a year earlier than it is for men. A poll by gfs.bern shows that around two thirds are in favour of raising the retirement age of women to 65. Only 16% are against the idea, with a further 18% somewhat against it. Men (78%) are […]
Switzerland’s special tax deals less attractive from 2021
Foreigners who don’t work in Switzerland can benefit from special tax deals known as lump sum taxation, or forfait fiscal in French. Instead of paying tax on their worldwide income and assets their tax is calculated based on their living expenses. When someone becomes Swiss they automatically lose eligibility. The regime, which generated CHF 767 […]
Geneva set to vote on maintaining public spending in the face of company tax reform
An initiative entitled: zero losses, was filed this week in Geneva. It aims to ring fence current public spending in the face of future company tax reform. The initiative gathered 9,147 signatures, more than the 7,840 required. Under pressure from the OECD and the EU, Switzerland is being forced to make major changes to its tax […]
The large tax differences between Swiss cantons
In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide. In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much. Someone married with children earning the […]
