TRIP‐aided steels offer an excellent combination of strength and formability, which makes them particularly interesting for use in automotive applications. Recent investigations have shown that while the typical high CMnSi TRIP‐aided steel composition offers good mechanical properties, alloying with other elements or a modification of the processing are required to make this steel readily galvanizable without loss of the TRIP properties. Al‐alloying seems especially promising to realize this goal and P could also be an alternative. Due to the very specific thermal processing needed to obtain a TRIP microstructure, it is important to know the influence of these alloying elements on the re‐austenitization kinetics during the annealing. This paper aims at identifying the differences in the influence of Si, Al and P on the intercritical annealing of TRIP‐aided steels. The equilibrium thermodynamics calculations and diffusion‐controlled transformation simulations were used in order to predict the transformation behaviour, and experimental verification was done based on dilatometric experiments.