Questions tagged [switzerland]

for questions that relate to the laws, practices, and products of switzerland

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How to invest in the US market as a resident of Switzerland?

I am an EU, non-Swiss, non-American citizen currently residing in Switzerland where I plan to stay indefinitely, perhaps with a little pause to live in the US for a year. I would like to invest my ...
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1 answer
220 views

I realized I am too stupid to buy individual stocks, should I use "robo-advisor" consulting?

First the facts: I opened a Swissquote account in mid 2018 (a broker similar to Robinhood in the US). My balance today: loss of -1'500 CHF, with a total investment of 26'000 francs. Especially the ...
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40 votes
4 answers
5k views

Possible scam for security deposit - bank operation

I am looking for apartments to rent in Switzerland and I came across a bank operation that is rather new to me. In order to put down the security deposit, I would have to do the following: Fill in a ...
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3 votes
0 answers
66 views

Are underage children allowed to have registered shares?

I was recently invited to a general meeting and was allowed to vote electronically. I would like to buy a few registered shares for toddlers. We are talking about 500-700 CHF. 15 years later, they can ...
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1 vote
2 answers
101 views

How does the legal "deposit insurance" work if you have large debts, but also liquid funds?

Assuming you have a mortgage of 700K CHF (i.e. minus, debts) But you have 300K CHF in liquid assets on your savings account. If the bank goes bankrupt, you have 100K guaranteed back in Switzerland (...
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0 votes
1 answer
180 views

When shopping online, I prefer bank transfer to credit card for privacy reasons. Is privacy really better with traditional bank transfers?

I shop online relatively often, because online shopping is much more efficient than brick-and-mortar retail. Unfortunately, I therefore also leave behind numerous data traces, which would not be ...
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2 answers
73 views

Is Neobank and cash generally mutually exclusive?

A neobank (also known as an online bank, internet-only bank, virtual bank or digital bank) is a type of direct bank that operates exclusively online without traditional physical branch networks. Is ...
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2 votes
0 answers
86 views

How to determine the date of distribution of an ETF?

The question may depend on the ETF or the issuer. I am particularly interested in this ETF: UBS ETF (CH) SPI CH0131872431 I am interested in how to find out the ex-date in advance. It would be best to ...
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  • 194
5 votes
2 answers
620 views

What are the disadvantages of keeping a small part of your assets as cash in a safe deposit box?

In Switzerland, banks do rent out safe deposit boxes for valuables. I am thinking of storing a small fraction of my assets there as cash. To diversify my portfolio, in addition to a savings account at ...
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0 votes
2 answers
101 views

What is the total income tax rate in Switzerland/Zurich?

I'm trying to estimate the true tax rate for someone living in Zurich. The definition of "tax" for the purposes of this question is as following (thanks to @Fattie): If a government takes ...
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1 vote
2 answers
274 views

Money laundering and speculation gains

With all the crypto speculation I was wondering: How do countries differenciate between "dirty" money and speculation gains? I know that in Switzerland you don't have to pay taxes on capital ...
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-1 votes
4 answers
372 views

Hyperinflation effects on mortgages [closed]

Is it conceivable that some kind of monetary reform would be carried out in western countries (or Europe, or Switzerland if that matters), in which assets and debts (mortgages) would be converted ...
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  • 194
1 vote
2 answers
6k views

Grindr Sugar Dad Scam? [duplicate]

A few months ago I was on Grindr and a profile claiming to be a sugar daddy messaged me and I think now it's a scam, I should've known before but I was kind of desperate and in need of money at that ...
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0 votes
1 answer
86 views

Gold - What is GB01/CHF? How does a metal account work?

I opened a metal account (in German they call it Metallkonto, I hope to translation is correct). In the Web interface of the bank I see almost no info (no price, no profit or loss in percent). The ...
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1 vote
1 answer
139 views

periodically change the IBAN number (of the payment account) for more privacy?

A colleague told me he cancels his payment account every few years and opens a new one for better privacy. He says the IBAN and various other related info should be known to as few people as possible. ...
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3 votes
0 answers
61 views

Swiss citizen work from abroad for UK company - tax queries

I am a Swiss citizen and have been in the UK for two years. I am now working from home for my company for the forseeable future. I already spent around five months working from home during the first ...
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4 votes
1 answer
290 views

Why would my health insurance provider call me to spontaneously offer a lower rate?

Asking anonymously for privacy. I have had both basic and extended health insurance at company "A", which is now a sub-brand of company "B". Today, I was called by someone ...
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-1 votes
1 answer
59 views

Combining adjustable rate mortgages and interest rate swap

The interest rates for mortgages are at a historic low. In order to be able to profit from low interest rates in the long term, fixed mortgages with long terms (10 years) are very popular. One problem ...
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1 vote
1 answer
86 views

What happens when you over-contribute to Swiss Pillar 3a accounts?

If your total contribution to 3a accounts in a year is more than the limit (~6800 Fr. currently), what happens? I could see several options: a) the amount just carries over to the next year's ...
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3 votes
0 answers
433 views

Is there non taxable investment account (like UK ISA) equivalent in Switzerland? How does one make tax-efficient Swiss investments?

While we were living in the UK, we were using our extra money to invest in index funds via ISA accounts. On these specific accounts, you do not pay Captial Gain Tax and they are excellent for long ...
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1 vote
1 answer
323 views

Accumulating or Distributing ETFs?

I am 32 years old and have started to invest passively in low-fee stock ETFs: one global (VT) and one local Swiss ETF (CHSPI). However I was not sure whether to buy accumulating (dividends auto-...
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3 votes
1 answer
1k views

Taxes when remote working for a Swiss company whilst living in the UK?

In the scenario where I'm living in the UK and working remotely for a Swiss company. Who should I pay income tax to? I would be declared self employed in the UK.
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1 vote
3 answers
167 views

Compliant investing

After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account ...
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7 votes
2 answers
389 views

Television license tax in Switzerland as exchange student

My background: I am a Belgian student studying for 6 months in Lausanne (Switzerland) in an exchange program. Recently I received a letter where I was asked to pay a television license tax of 365 ...
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4 votes
3 answers
240 views

Do I need to pay U.S. taxes on a summer internship in Switzerland?

I did a 10-week internship in Switzerland and earned 5770 CHF. Do I claim that on my taxes? Does Switzerland already figure taxes and therefore I do not have to pay because I can not be taxed twice? I ...
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3 votes
1 answer
396 views

What is the degree of “nickel rounding” that occurs with Swiss francs?

I am trying to implement currency handling for Swiss francs (CHF). In Canada, we have removed our penny from our currency circulation, but digitally the penny amount ($0.01) still exists (bank ...
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4 votes
4 answers
625 views

Where should a young person living in Switzerland invest their money? [closed]

I am an 18 years old student living in Switzerland, doing my apprenticeship as a software developer. In the last few years I saved around 10'000 francs and instead of buying a car I thought to invest ...
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4 votes
2 answers
336 views

How to save for pension in Switzerland when moving around?

I am a 28 year old Swedish citizen living in Switzerland as a PhD student. It is possible that I will move internationally one or more times before settling down. I will stay for at least 3 years, ...
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2 votes
4 answers
536 views

How do I avoid excessive fees when I get paid in CHF and need EUR?

I live in Germany and will soon receive monthly payments in CHF. How can I best transfer this money to my local bank account (EUR)? My local bank charges 20 € per conversion and uses an unfavorable ...
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2 votes
0 answers
297 views

Tax Filing: US citizen studying abroad at university in Switzerland

I am a US citizen in my 20s living in Switzerland for most of the last 3 years. The tax rules seem to have changed from what I thought to be true before. As such, I am quite confused and hope someone ...
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53 votes
8 answers
29k views

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would ...
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1 vote
0 answers
479 views

Incomplete IBAN used in bank transfer

A transfer form a client listed only 7 digits of my IBAN (and 1 in error), the clearing number, my name and bank address are all correct. The clients account has been debited but mine has not been ...
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5 votes
1 answer
1k views

What's the difference between CH-DD and LSV+?

I recently moved to Switzerland, and one of the businesses I have to pay monthly bills to gave me two options (in addition to manual monthly transfers): "CH-DD" and "LSV+". As far as I can tell, both ...
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2 votes
3 answers
958 views

Can you withdraw money from my Swiss Bank account with just the account number and password?

Wondering if it works the way it does in the movies, where people only need an account number and a password to access their Swiss bank account.
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4 votes
4 answers
152 views

Taxes on stocks in the US

Currently, I'm a resident in the US. I plan to move to Switzerland in sometime in the next 3 years. I have currently bought some stocks, whose value I expect to appreciate over time. I might decide ...
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0 votes
1 answer
84 views

How much time does EU to Switzerland transfer take?

How much time does it take a regular money transfer to complete, started from an EUR account from the EU to a CHF account in Switzerland? The transaction was started as a normal transaction (nothing ...
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1 vote
1 answer
123 views

What should I do with a savings account in another country?

I live in Switzerland but I have a savings account in France (about 7000 Euros). I don't visit France very often and don't plan on living in the EU. I'm starting university next year but I am not in ...
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5 votes
3 answers
329 views

Returning to the UK after working in Switzerland, What to do with my Swiss Francs?

I'm in a situation where I have around 20k CHF. I'm wondering whether to invest the money before returning to the UK, or just exchange it for GBP. I have no immediate plans for the money and will ...
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2 votes
0 answers
89 views

Taxes when year split between Switzerland and Germany

Last year I worked in Switzerland (L permit) from January until the end of July, and then worked in Germany for the remainder of the year. I am now resident in Germany and an EU Blue Card holder. I ...
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1 vote
1 answer
175 views

Is the Swiss stock market inversely correlated with the Swiss Franc like Japan today?

The Japanese stock market is inversely correlated with the Yen. When Yen goes up, Nikkei goes down and vice versa. This is because the Japanese economy is highly dependent on exports. Does the same ...
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2 votes
1 answer
139 views

Opening offshore account from UK [closed]

I have a question about how to open an offshore account (preferably Switzerland) from within UK. I am British, a resident of UK, British passport, no duel citizenship. I have no intention of living ...
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3 votes
1 answer
165 views

UK: what do I need to declare?

I have a question about declaration and tax in UK. I am British, a resident of UK, British passport, no duel citizenship. A) If I have a property (holiday home) abroad within EU which I do not rent ...
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  • 209
1 vote
2 answers
1k views

Non-EU student, living in Germany, working for a Swiss company - taxes?

I'm non-EU citizen, but from Europe, now studying in Germany on Master program (so I'm a student, have an Erasmus stipendium, and have 1-year national visa that allows to work 120 full or 240 half ...
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  • 111
40 votes
10 answers
11k views

How to rescue my money from negative interest?

My bank has announced negative interest rates starting Q1 2016. I have CHF 250'000 in that savings account (Swiss Francs). Now, pretty much all other banks will probably follow suit soon, if they ...
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13 votes
1 answer
4k views

What happens to my Social Security benefits if I work less than 10 years in the U.S?

I'm a U.S citizen and have been working in the United States for about 5 years now. I'm planning on moving to Switzerland soon for a regular job (not self-employed). If I understand this properly, in ...
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1 vote
2 answers
923 views

What would be my tax liability in Zurich, Switzerland?

What would be my tax liability as a single individual, resident of Zurich (not citizen), not a member of any church, with a 90,000 Swiss Franc yearly salary? Let's just take into consideration basic ...
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6 votes
1 answer
1k views

How to reclaim the value-added tax when buying something on eBay?

I want to buy a digital graphics pad/touchscreen on eBay for technical drawings. Because the article's seller is based in Germany, and I live in Switzerland, and because the article is worth more ...
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  • 655
3 votes
2 answers
2k views

Net salary for an internship in Switzerland?

I will be doing a 6-month internship in Switzerland near Lausanne soon, and I will be remunerated 1000 CHF per month in gross salary. How much can I expect in net salary?
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-1 votes
1 answer
163 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
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1 vote
1 answer
323 views

How important is volume when choosing an exchange?

I'm investing some money in ETFs; buy and hold. My local currency is CHF. I have an account in Interactive Brokers. So far I've operated on the London Stock Exchange, which means I have to do a forex ...
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