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Upper limit raised in money for holy office (6)

Ross

I believe the answer is:

papacy

I'm a little stuck... Click here to teach me more about this clue!

'holy office' is the definition.
'papacy' can be an answer for 'office' (I have seen 'Office of Pope ' mean 'papacy' so perhaps 'office' could also mean 'papacy'). I'm not certain of the 'holy' bit.

'upper limit raised in money' is the wordplay.
'upper limit' becomes 'cap' (I've seen this before).
'raised' is a reversal indicator.
'in' means one lot of letters goes inside another.
'money' becomes 'pay' (I've seen this in other clues).
'cap' reversed gives 'pac'.
'pac' going within 'pay' is 'PAPACY'.

'for' acts as a link.

Can you help me to learn more?

(Other definitions for papacy that I've seen before include "Pontificate" , "RC leader's office" , "Office of the pontiff" , "Vatican leader's office" , "Pope's office" .)

I've seen this clue in The Guardian.
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