diff --git a/package/iptables/Makefile b/package/iptables/Makefile
index 6083f6f4dc..dbfc0d7167 100644
--- a/package/iptables/Makefile
+++ b/package/iptables/Makefile
@@ -18,9 +18,9 @@ ifeq ($(CONFIG_LINUX_2_4),y)
 endif
 
 ifeq ($(CONFIG_LINUX_2_6),y)
-  PKG_VERSION:=1.4.1.1
-  PKG_RELEASE:=2
-  PKG_MD5SUM:=723fa88d8a0915e184f99e03e9bf06cb
+  PKG_VERSION:=1.4.3.2
+  PKG_RELEASE:=1
+  PKG_MD5SUM:=545698693b636cfc844aafc6729fd48a
 endif
 
 PKG_VERSION?=<IPTABLES_VERSION>
diff --git a/package/iptables/patches/1.4.1.1/002-layer7_2.17.patch b/package/iptables/patches/1.4.3.2/002-layer7_2.17.patch
similarity index 100%
rename from package/iptables/patches/1.4.1.1/002-layer7_2.17.patch
rename to package/iptables/patches/1.4.3.2/002-layer7_2.17.patch
diff --git a/package/iptables/patches/1.4.1.1/005-imq1.patch b/package/iptables/patches/1.4.3.2/005-imq1.patch
similarity index 100%
rename from package/iptables/patches/1.4.1.1/005-imq1.patch
rename to package/iptables/patches/1.4.3.2/005-imq1.patch
diff --git a/package/iptables/patches/1.4.1.1/008-netfilter_include_linux_type_h.patch b/package/iptables/patches/1.4.3.2/008-netfilter_include_linux_type_h.patch
similarity index 100%
rename from package/iptables/patches/1.4.1.1/008-netfilter_include_linux_type_h.patch
rename to package/iptables/patches/1.4.3.2/008-netfilter_include_linux_type_h.patch
diff --git a/package/iptables/patches/1.4.1.1/009-table-alignment.patch b/package/iptables/patches/1.4.3.2/009-table-alignment.patch
similarity index 100%
rename from package/iptables/patches/1.4.1.1/009-table-alignment.patch
rename to package/iptables/patches/1.4.3.2/009-table-alignment.patch