London is home to numerous museums, galleries, libraries, sporting events and other cultural institutions, including the British Museum, National Gallery, Tate Modern, British Library and 40 West End theatres. The London Underground is the oldest underground railway network in the world.
The expected return is used to figure the taxable portion of pension that is taxed under the general rule. For a lifetime pension, it is computed by multiplying the annual pension by the applicable expected life multiple from government actuarial tables.
Expected Rates of Return on Retirement Investments. In retirement, we expect to live on the wealth we have accumulated throughout our working lives. We do that by withdrawing wealth for current consumption, to replace the flow of earned income that dried up with retirement.