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.
gross rate of return. The total rate of return on an investment before deducting fees or commissions, as measured over a period of time (e.g. monthly, quarterly, or annually). Normally the quoted figure found in advertising, since the return after deducting expenses can be substantially lower than the gross return.