A recent report from Switzerland Federal Statistical Office shows how an average Swiss household spends its income. In 2015, the mean income was CHF 9,946 per month, including all forms of income and any 13th month payment received at the end of the year. This means an average Swiss household of 2.17 people had CHF 119,352 […]
Swiss still richest, according to Credit Suisse
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. Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten […]
Swiss government moves closer to personal digital IDs
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 […]
Reimbursement in Switzerland for drugs bought abroad could soon be possible
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. 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 […]
Health insurance rise in 2018 even higher, according to new calculation
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 […]
Swiss government says it has a plan to contain healthcare costs
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 […]
One billion franc Swiss winter Olympic bid sparks backlash
On Wednesday, Switzerland’s Federal Council said it would stand behind the country’s winter Olympic bid to the tune of nearly one billion francs, according to newspaper 20 Minutes. The town of Sion, in Valais, is throwing its Olympic hat into the ring as the centerpiece for the 2026 winter games. Other cantons would also host […]
Swiss government announces TV tax cut ahead of vote to eliminate it
On Wednesday, the Federal Council said it will cut Switzerland’s TV-Radio tax from CHF 451 to CHF 365 annually from 2019. According to Federal Councillor Doris Leuthard, the cut is made possible by cost savings from simplifying the system and an increase in the numbers who will pay it – everyone will soon pay, not […]
End of tax-free online shopping delayed by a year
Last year Switzerland’s government announced plans to change the rules on charging VAT on imported goods. 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 […]
The new 10 Swiss franc note hand mystery
The third in a series of gorgeous new Swiss franc bank notes will be released by the Swiss National Bank (SNB) on October 18th. The 10-franc note keeps its yellow colour, but most everything else in the design and construction is different. What’s most remarkable about the new bank note? Not the 40 centimes or […]
