Think of your Swiss pay slip as a detailed map of your paycheck. It shows you exactly what you’re earning and what’s being deducted from it. Here are the main things you’ll find:
This is the amount of money you’re supposed to get before anything is taken out. It includes:
This is the actual amount of money you take home after all the deductions. It’s what you see in your bank account.
These are the things that get subtracted from your gross salary. They can include:
Understanding the deductions on your pay slip might seem confusing, but each one has a specific reason. Here are some of the main ones you’ll likely see:
This is the amount of money you’re supposed to get before anything is taken out. It includes:
This is like a savings account for when you retire, and both you and your employer contribute to it.
If you lose your job, this insurance helps you still get some money while you’re looking for a new one.
This covers you if you get hurt while you’re not at work, and you’re the one who pays for it.
If you’re not a permanent resident, your taxes get taken out of your paycheck automatically.
Besides deductions, there are also some benefits that come with working in Switzerland. These can help balance out the money you’re losing to deductions
Depending on where you live in Switzerland, you might get money to help with raising your kids.
Some employers give you an extra month’s pay at the end of the year, which can be a nice surprise!
Your employer might help pay for your health insurance, which can save you some money.
After reading this guide, you should understand your Swiss pay slip better. But if you think there are mistakes on it, we can help you check to make sure everything is right. Feel free to contact our Check4You team. We’re here to help you out.
