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.
If the balance shows a surplus, it reduces rates the. following year; if it shows a deficit, it increases rates the. following year. Allowed return on investment â Commonly called. âallowed rate of return,â it is the return or profit a utility. is allowed an opportunity to earn. It is calculated as a. percentage of the utilityâs rate base. Rate base â The utilityâs investment in its facilities and.