Dictionary.com
Thesaurus.com

age allowance

British  

noun

  1. an income tax allowance given to taxpayers aged 65 or over

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

U.S. teens have long crossed the border into the province of Quebec, where the drinking age is 18, and some say a lower recreational marijuana age allowance in Canada could mean an influx of pot tourism among young Americans.

From Washington Times

Beyond social security and an old age allowance, the Hong Kong government breaks its subsidized services into three sections, each of which quite nicely lines up to China’s own stated 90/7/3 policy.

From Forbes

Although this method initially started out as a complete experiment for my family, I really like the “Half Your Age” allowance rule.

From US News