Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

UK Tax Mistakes Avoid These Traps and Save Your Money!

10 Aug 2025 · 1 min

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1:00

A short personal account by Ndubuisi 'Andy' Egwim describing his experience with UK tax rules for dividends and capital gains, noting allowance amounts (speaker cites £500 dividend allowance and £3,000 capital gains allowance, previously £12,000), and recounting discovering Stock and Shares ISAs that could shelter gains. He warns that tax avoidance (legal) differs from tax evasion (illegal).

Questions this video answers

Up to £500 (speaker's statement).

Up to £3,000 (speaker's statement).

£12,000 (speaker's recollection).

Chapters

Now in the uk, I know. I'm not going to bother you. There are dividend tax rates. They are dividend. They are dividend allowances. Basically you can get up to £500. The higher rate taxpayer can get up to £500 and not pay dividend at some point. Actually, capital gains can get up to £3,000 and not pay tax on it. But the funny thing about it is that when I came to the UK, it was £12,000. You could actually get capital gains of £12,000? Yes. They're investing in the UK. I knew about Help to Buy ISA. I didn't even know about Stock and Shares ISA. So imagine my how upset I was when I made investments. They did well. I made money and I realized, oh, I have to pay this capital gains. Of course I'm happy to pay capital gains. I knew that you pay capital gains only for me to realize that there was an account called a stock and shares ISA that I could have used and I wouldn't have to pay capital gains tax. I could have totally avoided that entire capital gains tax. Tax avoidance is legal tax evasion, jail.