diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 1441d5e..397858a 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.0
+current_version = 0.5.0
 commit = True
 tag = True
 
diff --git a/VERSION b/VERSION
index 1d0ba9e..8f0916f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.0
+0.5.0
diff --git a/version.go b/version.go
index 5f009e0..d0673e1 100644
--- a/version.go
+++ b/version.go
@@ -6,7 +6,7 @@ import (
 
 var (
 	// These fields are populated by govvv
-	Version    = "0.4.0"
+	Version    = "0.5.0"
 	BuildDate  string
 	GitCommit  string
 	GitBranch  string