Refusing a gift under a will is possible. Gifts can be rejected, and this includes inheritances. But if you are thinking of doing this to get around the social security laws – such as not losing a pension, then you might need to rethink your strategy. This is because rejecting a gift is considered a disposal for social security law. See: 4.1.5 Deprivation Related to Deceased Estates, Superannuation Funds & Separation | Social Security Guide Example Thelma is on the pension and her mother dies and leaves her $500,000. Thelma doesn’t want to receive this as she will lose her pension. Thelma tells the executor of the mother’s estate she will not accept the gift and under the terms of the will the gift goes to Marge. For Social Security Act purposes, such as calculating the pension, Thelma is considered to have made a $500,000 gift – given away $500,000 of her assets. This means the $500,000 will be treated as if she still held it for a period of 5 years – for the assets test, and she will be deemed to be earning the deeming rate of income from this $500,000 for 5 years.