diff --git a/Makefile b/Makefile
index c81c7fa5..903422a8 100644
--- a/Makefile
+++ b/Makefile
@@ -17,7 +17,7 @@ ARCH   ?= $(shell go env GOARCH)
 ISTIO_VERSION ?= 1.17.2
 K8S_VERSION ?= 1.27.1
 IMAGE_PLATFORMS ?= linux/amd64,linux/arm64,linux/arm/v7,linux/ppc64le
-VERSION_TAG=v0.6.0
+VERSION_TAG=v0.7.0
 
 UNAME_S := $(shell uname -s)
 ifeq ($(UNAME_S),Linux)
diff --git a/deploy/charts/istio-csr/Chart.yaml b/deploy/charts/istio-csr/Chart.yaml
index b1b91989..19615c4c 100644
--- a/deploy/charts/istio-csr/Chart.yaml
+++ b/deploy/charts/istio-csr/Chart.yaml
@@ -12,5 +12,5 @@ maintainers:
 sources:
 - https://github.com/cert-manager/istio-csr
 
-appVersion: v0.6.0
-version: v0.6.0
+appVersion: v0.7.0
+version: v0.7.0
diff --git a/deploy/charts/istio-csr/README.md b/deploy/charts/istio-csr/README.md
index 97629b8d..fcbad1c2 100644
--- a/deploy/charts/istio-csr/README.md
+++ b/deploy/charts/istio-csr/README.md
@@ -1,6 +1,6 @@
 # cert-manager-istio-csr
 
-![Version: v0.6.0](https://img.shields.io/badge/Version-v0.6.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.6.0](https://img.shields.io/badge/AppVersion-v0.6.0-informational?style=flat-square)
+![Version: v0.7.0](https://img.shields.io/badge/Version-v0.7.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.7.0](https://img.shields.io/badge/AppVersion-v0.7.0-informational?style=flat-square)
 
 istio-csr enables the use of cert-manager for issuing certificates in Istio service meshes
 
@@ -55,7 +55,7 @@ istio-csr enables the use of cert-manager for issuing certificates in Istio serv
 | app.tls.trustDomain | string | `"cluster.local"` | The Istio cluster's trust domain. |
 | image.pullPolicy | string | `"IfNotPresent"` | Kubernetes imagePullPolicy on Deployment. |
 | image.repository | string | `"quay.io/jetstack/cert-manager-istio-csr"` | Target image repository. |
-| image.tag | string | `"v0.6.0"` | Target image version tag. |
+| image.tag | string | `"v0.7.0"` | Target image version tag. |
 | imagePullSecrets | list | `[]` | Optional secrets used for pulling the istio-csr container image. |
 | nodeSelector | object | `{}` |  |
 | replicaCount | int | `1` | Number of replicas of istio-csr to run. |
diff --git a/deploy/charts/istio-csr/values.yaml b/deploy/charts/istio-csr/values.yaml
index 2da84d73..d0b8881b 100644
--- a/deploy/charts/istio-csr/values.yaml
+++ b/deploy/charts/istio-csr/values.yaml
@@ -5,7 +5,7 @@ image:
   # -- Target image repository.
   repository: quay.io/jetstack/cert-manager-istio-csr
   # -- Target image version tag.
-  tag: v0.6.0
+  tag: v0.7.0
   # -- Kubernetes imagePullPolicy on Deployment.
   pullPolicy: IfNotPresent