Swiss dilemma

[NotAllThere]

That. So you are able to work through Swiss limited company?
I'll defo going to be pushing for that

You need to invest 20K in it (at least 10K of which must be cash), and it costs about 3K to set up. Not all cantons accept one person gmbh. Dividend income attracts no tax relief. The all inclusive VAT deals net about 10 francs per 1000 invoiced. On top of that you've got mandatory insurances, pension and accountancy fees.

[GitMaster69]

You need to invest 20K in it (at least 10K of which must be cash), and it costs about 3K to set up.

Money is not a problem , I'm relatively well off. I won't ask if it's worthwile , because if it wasn't, an estabilished contractor like yourself wouldn't do it.
reading on corporate taxes now.. thanks NAT


edit ... actually i'll ask... is it worthwile for 850pd 3 year gig?

[NotAllThere]

Money is not a problem , I'm relatively well off. I won't ask if it's worthwile , because if it wasn't, an estabilished contractor like yourself wouldn't do it.
reading on corporate taxes now.. thanks NAT

If you're already well off, then come on over! Actually. Don't. I don't want the competition.

[BlasterBates]

850 gives very roughly about CHF 12000 net Get a quote though because of your personal circumstances, holidays etc

You can check on https://www.homegate.ch/de for flats, for a family starting at CHF 3000 upwards.

check on Vergleichen und sparen – comparis.ch for medical insurance

This will cost you at least a few hundred because you have to insure the whole family. You need to get familiar with the options.

Once those costs are covered then it's generally more expensive than the UK but you can usually find an inexpensive option if you shop around.

[GitMaster69]

850 gives very roughly about CHF 12000 net Get a quote though because of your personal circumstances, holidays etc

You can check on https://www.homegate.ch/de for flats, for a family starting at CHF 3000 upwards.

check on Vergleichen und sparen – comparis.ch for medical insurance

This will cost you at least a few hundred because you have to insure the whole family. You need to get familiar with the options.

Once those costs are covered then it's generally more expensive than the UK but you can usually find an inexpensive option if you shop around.

Umbrella or via limited? is it possible for newstarter to force hand to go through limited route? I haven't asked yet as I'm gathering info about it (and silently waiting for second offer to come through for a bit of leverage)

[BlasterBates]

Umbrella or via limited? is it possible for newstarter to force hand to go through limited route? I haven't asked yet...

My general estimate was based on payroll (65-70% of gross)

Probably you'll be on payroll. Switzerland has a similar rule to IR35, which they enforce at the client, so some companies simply place all contractors through a payroll company.

I would start anyway on payroll, as it will be complicated trying to setup a company.

I would definitely do your own sums. It depends on many things. I just gave you a ballpark figure to start with. Cantonal tax can make a difference, e.g. commuting from Zug. Your age makes a difference as the amount you pay in to the pension goes up as you get older. I would get a quote from a payroll company.

Steuerrechner Schweiz - www.ch.ch

[GitMaster69]

My general estimate was based on payroll (65-70% of gross)

Probably you'll be on payroll. Switzerland has a similar rule to IR35, which they enforce at the client, so some companies simply place all contractors through a payroll company.

I would start anyway on payroll, as it will be complicated trying to setup a company.

I would definitely do your own sums. It depends on many things. I just gave you a ballpark figure to start with. Cantonal tax can make a difference, e.g. commuting from Zug. Your age makes a difference as the amount you pay in to the pension goes up as you get older. I would get a quote from a payroll company.

Steuerrechner Schweiz - www.ch.ch

Have you considered taking limited route blaster?

[Katalyst]

Keep in mind that when they quote 850/day in Switzerland. that's before they take out all employee and employer-side taxes. It's not a huge amount, but it's not bad. It's a great place to live, and if you have young children, you'll love it - Switzerland is great for families.

[NotAllThere]

Have you considered taking limited route blaster?

It doesn't really gain you much. I had multiple concurrent clients and some commission deals, so it worked for me. With a good accountant, you can do some income levelling with dividends. Generally I think it's not worth the effort. One issue is that if you're laid off (having accrued sufficient AHV payments), it's harder to get the unemployment benefit of 80% of your previous salary (capped at ~140K).

[BlasterBates]

Have you considered taking limited route blaster?

I left Switzerland several years ago but when working there I never considered it. As NAT points out unemployment benefit is incredibly generous in Switzerland. After a year you qualify. The pension contributions do give you a decent pension, so the contributions give you value for money. The main deduction in addition to tax is for the pension.