diff --git a/charts/ingress-nginx/Chart.yaml b/charts/ingress-nginx/Chart.yaml
index 0fe18b0f4..716db1401 100644
--- a/charts/ingress-nginx/Chart.yaml
+++ b/charts/ingress-nginx/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: ingress-nginx
-version: 3.3.1
-appVersion: 0.40.0
+version: 3.4.0
+appVersion: 0.40.1
 home: https://github.com/kubernetes/ingress-nginx
 description: Ingress controller for Kubernetes using NGINX as a reverse proxy and load balancer
 icon: https://upload.wikimedia.org/wikipedia/commons/thumb/c/c5/Nginx_logo.svg/500px-Nginx_logo.svg.png
diff --git a/charts/ingress-nginx/templates/admission-webhooks/validating-webhook.yaml b/charts/ingress-nginx/templates/admission-webhooks/validating-webhook.yaml
index 92172d486..367183d28 100644
--- a/charts/ingress-nginx/templates/admission-webhooks/validating-webhook.yaml
+++ b/charts/ingress-nginx/templates/admission-webhooks/validating-webhook.yaml
@@ -25,6 +25,7 @@ webhooks:
     sideEffects: None
     admissionReviewVersions:
       - v1
+      - v1beta1
     clientConfig:
       service:
         namespace: {{ .Release.Namespace }}
diff --git a/charts/ingress-nginx/values.yaml b/charts/ingress-nginx/values.yaml
index b763b86dd..c5a618735 100644
--- a/charts/ingress-nginx/values.yaml
+++ b/charts/ingress-nginx/values.yaml
@@ -4,8 +4,8 @@
 controller:
   image:
     repository: k8s.gcr.io/ingress-nginx/controller
-    tag: "v0.40.0"
-    digest: sha256:b954d8ff1466eb236162c644bd64e9027a212c82b484cbe47cc21da45fe8bc59
+    tag: "v0.40.1"
+    digest: sha256:abffcf2d25e3e7c7b67a315a7c664ec79a1588c9c945d3c7a75637c2f55caec6
     pullPolicy: IfNotPresent
     # www-data -> uid 101
     runAsUser: 101