Swiss pensions have three parts. The first is a standard payment based on the number of years you have paid social security taxes (AVS / AHV). The second (2nd pillar) is based on a personal pot of money built up from compulsory salary deductions. And the third is a personal pot derived from optional tax deductible […]
Around one in 30 men in Switzerland don’t brush their teeth every day
In Switzerland dentists are expensive. Brushing and an occasional trip to the dental hygienist on the other hand is a relatively inexpensive way to dodge those costly trips. Despite this many still seem to avoid it, according to a report published this week. In 2012, more than half of the population (51%) visited a dental […]
Switzerland not the most expensive in Europe for some mobile packages
Yesterday, the price comparison website Verivox published a study comparing mobile phone costs across 13 european countries. On most measures Switzerland was the most expensive, and by a wide margin. A plan including 100 minutes of talk and 1 Go (gigaoctet1) of data per month costs an average of CHF 25 per month in Switzerland. […]
Mortgage reference rate falls opening way for Swiss rent cuts
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 dropped 0.25% to 1.50%. The interest rate used to set the reference rate was the average rate on Swiss mortgages at 31 March 2017 […]
Swiss healthcare ranked third globally for preventing death
A study of data from 195 countries from 1990 to 2015 published recently in the medical journal The Lancet, ranks Switzerland’s healthcare system third. The analysis looked at mortality rates from causes that should not be fatal in the presence of effective medical care. It considered both healthcare access and quality and was designed with […]
Big debts at 18 because parents didn’t pay Swiss health insurance bills
20 Minutes. A recent article in the newspaper 20 Minutes highlights the nasty surprise some young people experience when their parents fail to pay their health insurance premiums. Turning 18 is one of life’s key milestones. It corresponds with the end of school and entry into a new world. In Switzerland it is also a […]
Some Swiss cantons overwhelmed with confessions of tax evasion
Ahead of the automatic exchange of bank account information, which comes into effect at the beginning of next year, Swiss residents with undeclared foreign bank accounts are rushing to come clean to the tax authorities, according to Swiss broadcaster RTS. According to RTS, 380 have come forward in Fribourg, 173 in Valais, 254 in Jura, around […]
Strong Swiss franc could be over reckons currency strategist at UBS
Tribune de Genève. After more than two years of a highly overvalued franc, relative to the euro, the currency should ease in the near term reckons Thomas Flury, senior currency strategist at UBS. He expects a euro to be worth 1.14 francs in 6 months and 1.16 within a year. Emmanuel Macron’s victory and Marine […]
Switzerland’s fascination with funny money spreads to Valais
A new local currency, dubbed the “Farinet“, was launched recently in the canton of Valais. A similar one called the “Leman” landed in some pockets in Geneva and Lausanne in September 2015. #DYK that the #Swiss canton of Valais has its own currency, the Farinet? Find out more via @TheLocalSwitzer… https://t.co/R7S7ZRZFTm pic.twitter.com/0kKAHD5SRg — Swiss Consulate […]
Swiss cantons consider imposing income tax at source
20 Minutes. To reduce the outstanding amount owed by taxpayers, Basel’s parliament is discussing imposing income tax at source. Vaud is considering a similar plan. Every year, the canton Basel-City has to chase around 15,000 outstanding tax bills amounting to a total of CHF 80 million. According to the newspaper NZZ, getting employers to deduct […]
