diff --git a/README.md b/README.md
index 93f0378..38fdc4f 100644
--- a/README.md
+++ b/README.md
@@ -15,7 +15,7 @@ As of version 0.1.11, it also supports setting options for Scala 3.x.
 Add the following to your project's `project/plugins.sbt`:
 
 ```scala
-addSbtPlugin("org.typelevel" % "sbt-tpolecat" % "0.4.4")
+addSbtPlugin("org.typelevel" % "sbt-tpolecat" % "0.5.0")
 ```
 
 Once you are using this plugin we recommend that you don't manipulate the `scalacOptions` key directly.
diff --git a/build.sbt b/build.sbt
index ef70a9b..53cfac2 100644
--- a/build.sbt
+++ b/build.sbt
@@ -1,6 +1,6 @@
 import com.typesafe.tools.mima.core._
 
-ThisBuild / tlBaseVersion := "0.4"
+ThisBuild / tlBaseVersion := "0.5"
 
 ThisBuild / organization     := "org.typelevel"
 ThisBuild / organizationName := "Typelevel"