Wife got a letter from a previous employer to say she's got some shares which they have to remove from the scheme due to her no longer working there (left 4 years ago, got letter couple of days ago!). Now the problem is that the letter says that the tax will be calculated on the value 4 years ago, the other problem is that the shares have halved in value since then! So had she been told at the right time (I thought they legally had to remove them therefore they're 4 years late so maybe have some liability?), she would have shares worth more and the tax would be the right amount. Now the tax is too much, the shares are worth far less and she's lost 4 years worth of interest on the money.
I know that she should treat it as a bonus she didn't realise she was getting but after the drop in value and the extra tax they're next to worthless, whereas if she had been told at the time (legally they had to deal with it at the time?) then they'd be worth alot more.
I'm going to give them a call but thought I'd check the facts first. Do I have any legal right to tell them that they should re-imburse in some way seeing as it's their fault for not dealing with it at the time?