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"the maximum allowable" is correct and usable in written English.
You can use it to refer to the maximum amount of something that is legally or otherwise acceptable. For example, "This company charges a fee of up to the maximum allowable amount for this service."
Exact(60)
They must also lower the maximum allowable leasing fees.
TurboTax handily calculates the maximum allowable retirement contribution.
The maximum allowable level was 0.1 milligrams, Mr. Ilic said.
The new standards would cut the maximum allowable from 50 to 5 parts per billion.
The maximum allowable limit of "pres 220" in Australian wine is 300 parts per million (ppm).
He has given the maximum allowable to almost every competitive Senate candidate.
The maximum allowable number of overnight guests on the Morgan is 40.
Some pipeline operators would have to reduce the maximum allowable pressure under the preliminary rules.
Two months later, Mr. Liu sent the senator another $2,000 contribution, the maximum allowable.
Ceili's already had the maximum allowable signage and would have had to apply for a variance for the flag.
It may also make sense to reduce rather than increase the maximum allowable contributions to pension plans.
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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