diff --git a/django_q/__init__.py b/django_q/__init__.py
index b9c8897..2a8b9d2 100644
--- a/django_q/__init__.py
+++ b/django_q/__init__.py
@@ -9,6 +9,6 @@ from .models import Task, Schedule, Success, Failure
 from .cluster import Cluster
 from .monitor import Stat
 
-VERSION = (0, 4, 6)
+VERSION = (0, 5, 0)
 
 default_app_config = 'django_q.apps.DjangoQConfig'
diff --git a/docs/conf.py b/docs/conf.py
index 9c71f37..51e01a8 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -70,9 +70,9 @@ author = 'Ilan Steemers'
 # built documents.
 #
 # The short X.Y version.
-version = '0.4'
+version = '0.5'
 # The full version, including alpha/beta/rc tags.
-release = '0.4.6'
+release = '0.5.0'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index 0fdb706..4a59765 100644
--- a/setup.py
+++ b/setup.py
@@ -26,7 +26,7 @@ class PyTest(Command):
 
 setup(
     name='django-q',
-    version='0.4.6',
+    version='0.5.0',
     author='Ilan Steemers',
     author_email='koed00@gmail.com',
     keywords='django task queue worker redis multiprocessing',