Fertilization of drained peatland forests with wood ash and different commercial phosphorus fertilizers (calcium phosphates) generally give similar stand growth responses. However, it has been shown that use of calcium phosphate fertilizers generally lead to highly increased P release to recipient water courses. On the other hand, no corresponding release has been reported after ash fertilization. Soil samples from the surface peats from a nutrient poor and a fertile drained peatland site were collected before and 1–4 years after application of five different types of ash products. The changes over time in the different chemical forms of P in the substrate were studied. The results indicated that the reason for the low liability to leaching of ash fertilizers was that significant amounts of P are adsorbed by Al and Fe during weathering of the ash fertilizers. However, further studies are needed to clarify whether the adsorption of P occurs with the Al and Fe of the ash or the native Al and Fe compounds present in soil before ash fertilization.