Employees and employers in Switzerland will pay higher contributions to the unemployment insurance starting 1st of January 2011.
The Situation Until End Of 2010
There is currently a 1% contribution for employees and employers on annual gross salaries up to CHF 126’000.-. But there is no deduction for the parts of salaries above 126’000.
New Deductions Starting 1st Of January 2011
Starting 2011 the deductions will be as follows:
- 1.1% up to CHF 126’000.-
- 0.5% for salary parts above CHF 126’000.- and up to CHF 315’000.-
CHF 126’000.- is the highest possible calculation basis for unemployment pay (so-called “insured salary”) and 315’000 is 2.5 times 126’000.
As before, employees and employers match their contributions. This means that the authorities will receive 2.2% and 1.0% on the different salary parts.
Three Examples
Of course, I can never resist having fun with a spreadsheet, so here are example calculations for the unemployment deductions in 2010 and 2011.
Unemployment insurance deductions CH 2011
The Formulas
And if you’re really interested, here are the formulas I used:
Calculate the 1.1% deduction up to CHF 126’000.- (C2 is the cell containing the gross annual salary)
=if(C$2<=126000,C$2*0.011,126000*0.011)
Calculate the 0.5% deduction above CHF 126’000.- and up to CHF 315’000.-
=if(AND(C$2>126000,C$2<315000),(C$2-126000)*0.005, if(AND(C$2>126000,C$2>315000),(315000-126000)*0.005,0))
Loosely Related Posts
And as always, I publish this only for educational purposes and will reject any responsibility no matter what happens 😉
