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The phrase "allowance will be held" is correct and usable in written English.
It can be used in contexts where you are discussing the management or distribution of funds or resources, often in financial or administrative settings.
Example: "Due to the budget constraints, the allowance will be held until further notice."
Alternatives: "funds will be retained" or "allocation will be postponed."
Exact(1)
Votes on amendments like DLA and contributory employment and support allowance will be held in January.
Similar(59)
It will be held Aug.
Funeral Services will be held Thursday.
It will be held this fall.
Private services will be held.
Private cremation will be held.
Violators will be held accountable.
Elections will be held.
Two exhibitions will be held.
Claimants of incapacity benefit (renamed the employment and support allowance) will be medically reassessed by 2013.
A new enterprise allowance will be created.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com