to process financial transactions securely and accurately, including the core transactions described in regulation 24(2) of the Administration Regulations70 (requirements for processing financial transactions);

to make and receive electronic payments;

to accept contributions from multiple sources;

to exchange data with other IT systems, including those used by employers and service providers;

to reconcile data on transactions and produce reports so that those activities can be monitored and transaction errors rectified promptly;

to identify and categorise transactions and payments for authorisation and countersigning at an appropriate level of authority;

to be updated to reflect changes in the legal requirements affecting transactions, payments and records, including changes in tax thresholds, the annual allowance and the lifetime allowance.