(ii) Apart from the circumstances at (i) above, a PRSA provider may not pay out PRSA assets except where:
- the value of the PRSA assets does not exceed €650 at the time of request by the contributor or 3 months or more has expired since the provider has served a written statement advising the contributor to transfer his PRSA assets to another PRSA or pension arrangement or to make further contributions, and
- no contributions have been made for at least 2 years
in which case the PRSA provider may refund the contributor’s PRSA assets without the contributor’s consent.