Tag Archive: Personal finance

No price rises for Swiss public transport in 2023

For the seventh consecutive year, the price of tickets on Swiss public transport will remain unchanged. It will also become easier to buy tickets for bicycles and canine companions, reported RTS.

Read More »

Two votes launched against Swiss tax and pension mariage penalty

In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS.

Read More »

Swiss state employee pay and numbers should be cut, argues party

The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes.

Read More »

Swiss state pensions to get a boost in 2023

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%.

Read More »

Inflation turns negative in Switzerland in September

In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).

Read More »

Swiss electricity prices to rise as much as 280% in 2023

Next year, average electricity prices in Switzerland are set to rise 27% with significant difference depending on where you live, reported RTS. In 2023, an average household consuming 4,500 kWh a year will pay an extra CHF 261 a year for their electricity.

Read More »

Swiss government launches energy saving campaign

On 31 August 2022, Switzerland’s federal government launched its campaign to cut energy consumption to reduce the risks of an energy shortfall over the coming winter.

Read More »

Switzerland’s population older than ever, shows recent data

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022.

Read More »

Winter electricity cuts feared, says head of Swiss commission

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS.

Read More »

The online retail fraud made possible by Swiss billing system

In Switzerland it is possible to order goods online without paying up front. Retailers will send orders with a payment slip included with the goods. Fraudsters are exploiting this quirk of Swiss postal retail.

Read More »

Swiss inflation up again in June 2022

On 4 July 2022, Switzerland’s Federal Statistical Office (FSO) published June inflation data, which show prices 3.4% higher than one year ago, well above the Swiss National Bank target of 2.0%. Switzerland’s consumer price index (CPI) increased by 0.5% in June 2022, less than the 0.7% rise in May 2022.

Read More »

Higher federal tax deductions for health insurance announced

The cost of Swiss health insurance has risen sharply over the years. However, the amount that can be deducted from income to calculate federal taxes has remained comparatively low. This week, Switzerland’s parliament voted in favour of closing the gap between the standardised health insurance tax deductions and what people actually pay, reported RTS.

Read More »

Switzerland adopts latest round of EU sanctions against Russia

On 10 June 2022, Switzerland’s government adopted the latest set of EU sanctions against Russia and Belarus, including an embargo on crude oil and certain refined petroleum imports from Russia.

Read More »

Swiss government changes solar electricity rules

On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels.

Read More »

Swiss salaries shrink for men and rise for women in 2021

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week.

Read More »

Recent price rises only the beginning, says Swiss consumer association

Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS.

Read More »

Tips for cutting energy bills

As the prices of fossil fuels skyrocket and further supply and price uncertainty looms, many are seeking ways to cut the amount they spend on home energy. A publication by the Swiss Federal Office of Energy (SFOE) shows where savings can be made.

Read More »

Average annual healthcare costs hit 9,600 francs in Switzerland in 2020

Statistics published on 26 April 2022 show health expenditure in Switzerland rose to CHF 9,648 (US$ 10,8001) per person in 2020, making Switzerland (probably) the second biggest per-capita healthcare spender in the world – the OECD has not yet published 2020 expenditure for the US, which is typically the world’s highest spender.

Read More »

Swiss health insurance could jump by 9 percent next year

According to the newspaper Le Matin Swiss health insurance premiums could rise by 7% to 9%, reported RTS. The future rise in the cost of health insurance is estimated based on data on the rising healthcare costs being passed on to health insurance companies. According to the data, costs rose during the second half of 2021. Across all of 2021 costs were up by 5.1% and the trend appears to have continued.

Read More »

Chart of the week: Swiss retirement age compared

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper....

Read More »