Summary
Expat Advice - Paycheck deductions
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Extract
Pay offs.
Notice all those deductions on your salary slip? This money isn't disappearing--it is being paid into different social insurance funds. So check out what you have stored and see the benefits that come through.
Every month, a row of letters--in German AHV, IV, EQ BYG, UVG, ALV appear on your salary statement to swallow up a chunk of your paycheck. This amount goes into insurance funds that are meant to support...See the full content of this document
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