diff --git a/charts/argo-cd/Chart.yaml b/charts/argo-cd/Chart.yaml
index 37ca3d54..4de3bd76 100644
--- a/charts/argo-cd/Chart.yaml
+++ b/charts/argo-cd/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 appVersion: v2.3.4
 description: A Helm chart for Argo CD, a declarative, GitOps continuous delivery tool for Kubernetes.
 name: argo-cd
-version: 4.8.0
+version: 4.8.1
 home: https://github.com/argoproj/argo-helm
 icon: https://argo-cd.readthedocs.io/en/stable/assets/logo.png
 keywords:
@@ -21,4 +21,4 @@ dependencies:
     condition: redis-ha.enabled
 annotations:
   artifacthub.io/changes: |
-    - "[Changed]: Can specify log format for Argo-CD Notifications component"
+    - "[Fixed]: ApplicationSet and Notification controller Pods now also respect 'global.podAnnotations'"
diff --git a/charts/argo-cd/templates/argocd-applicationset/deployment.yaml b/charts/argo-cd/templates/argocd-applicationset/deployment.yaml
index 131e7504..40f4ca85 100644
--- a/charts/argo-cd/templates/argocd-applicationset/deployment.yaml
+++ b/charts/argo-cd/templates/argocd-applicationset/deployment.yaml
@@ -13,9 +13,11 @@ spec:
       {{- include "argo-cd.selectorLabels" (dict "context" . "name" .Values.applicationSet.name) | nindent 6 }}
   template:
     metadata:
-      {{- with .Values.applicationSet.podAnnotations }}
+      {{- with (mergeOverwrite (deepCopy .Values.global.podAnnotations) .Values.applicationSet.podAnnotations) }}
       annotations:
-        {{- toYaml . | nindent 8 }}
+        {{- range $key, $value := . }}
+        {{ $key }}: {{ $value | quote }}
+        {{- end }}
       {{- end }}
       labels:
         {{- include "argo-cd.labels" (dict "context" . "component" .Values.applicationSet.name "name" .Values.applicationSet.name) | nindent 8 }}
diff --git a/charts/argo-cd/templates/argocd-notifications/deployment.yaml b/charts/argo-cd/templates/argocd-notifications/deployment.yaml
index f394f82b..96eb35cd 100644
--- a/charts/argo-cd/templates/argocd-notifications/deployment.yaml
+++ b/charts/argo-cd/templates/argocd-notifications/deployment.yaml
@@ -14,11 +14,11 @@ spec:
       {{- include "argo-cd.selectorLabels" (dict "context" . "name" .Values.notifications.name) | nindent 6 }}
   template:
     metadata:
-      {{- if .Values.notifications.podAnnotations }}
+      {{- with (mergeOverwrite (deepCopy .Values.global.podAnnotations) .Values.notifications.podAnnotations) }}
       annotations:
-      {{- range $key, $value := .Values.notifications.podAnnotations }}
+        {{- range $key, $value := . }}
         {{ $key }}: {{ $value | quote }}
-      {{- end }}
+        {{- end }}
       {{- end }}
       labels:
         {{- include "argo-cd.labels" (dict "context" . "component" .Values.notifications.name "name" .Values.notifications.name) | nindent 8 }}