Have you ever signed up for a service, got a great deal, and then years later realised you’re paying way more than you expected? You might be paying what’s known as lazy tax in Australia—a hidden financial penalty for not shopping around. It quietly eats away at your bank account, and many Aussies don’t even realise they’re paying it.

But the good news? Avoiding lazy tax doesn’t take much effort, especially when platforms like 2EZi make it simple to compare, save, and earn more while using services you already need.

What is Lazy Tax in Australia?

Lazy tax in Australia refers to the extra money consumers pay for sticking with the same provider or plan without reviewing their options regularly. It’s not a government-imposed tax—it’s the cost of financial inaction.

Companies often lure in new customers with low introductory rates, only to increase prices later. If you’re not paying attention, you’ll end up paying more than necessary, just because you stayed loyal or didn’t want the hassle of switching.

Real-World Examples of Lazy Tax

• Energy providers: Electricity and gas rates often rise after the first 12 months. If you’re still on an old plan, you could be overpaying significantly.

• Insurance policies: Home, health, and car insurance providers often reward new sign-ups with better premiums. Existing customers? Not so lucky.

• Banking services: Some savings accounts or mortgages offer great upfront interest rates, but those can drop without notice.

• Streaming services and subscriptions: Monthly auto-renewals are convenient, but it’s easy to forget what you’re paying for—and not using.

Why Lazy Tax in Australia Costs You More Than You Think

Lazy tax is especially harmful in a high cost-of-living environment like Australia. Small overspendings across multiple services can add up to thousands of dollars a year. And since these costs creep in over time, many households don’t realise the financial drain until it’s too late.

Here’s how it impacts you:

• Less money for savings and essentials

• Reduced ability to invest or build wealth

• Paying more for the same or even lesser value than others

Want a quick reality check? Compare your last 12 months of bills or statements to current deals online. You may be surprised how much you could save by switching.

How 2EZi Helps You Avoid Lazy Tax

Avoiding lazy tax in Australia doesn’t have to be difficult. At 2EZi, we help you find better deals, earn rewards, and access exclusive offers—all without the runaround.

Here’s what sets 2EZi apart:

• Compare providers for utilities, subscriptions, and more in one place

• Earn cashback, Qoin, loyalty bonuses and other rewards for taking action

• Get entries into prize draws just for switching or shopping through the platform

• Keep track of savings with ease and receive reminders to recheck services

We make it easier to stay financially aware and motivated, because looking after your wallet should be simple, not stressful.

The Psychology Behind Lazy Tax

There’s a reason lazy tax is so common—it’s human nature. Many Australians are too busy, overwhelmed, or just uncertain about how to switch providers. Companies know this and count on you to stay put.

This is where having an intuitive platform like 2EZi makes all the difference. We remove the friction from the process by guiding you through comparisons and delivering real rewards for making better financial choices.

Easy Wins: Where to Start Beating Lazy Tax

Not sure where to begin? Here are a few easy areas to review:

1. Electricity and Gas Bills – 2EZi can assist you to compare and switch to a better rate via our partner, Australian Bill Cutters.

2. Car or Home Insurance – Review your policy before renewal and get multiple quotes.

3. Phone and Internet Plans – Data limits, speeds and prices change frequently. Don’t set and forget.

4. Bank Fees and Mortgages – Ask your lender for a rate review or speak with a mortgage broker.

5. Subscriptions – Cancel anything that is unused and look for deals through 2EZi.

Don’t Let Lazy Tax Win

Lazy tax might fly under the radar, but it quietly drains your hard-earned cash. The good news? You don’t need to be a money whiz to beat it. Stay proactive, keep an eye on your bills, and let 2EZi do the hard work, so you can keep more in your wallet and get rewarded along the way.

Disclaimer: This article is intended for general informational purposes only and does not constitute financial advice. You should consider seeking independent financial, legal, or other professional advice to determine how the information in this article applies to your personal circumstances. Offers and rewards mentioned may be subject to change and availability through 2EZi or its partners.