diff --git a/.github/ISSUE_TEMPLATE/release_planning.md b/.github/ISSUE_TEMPLATE/release_planning.md
new file mode 100644
index 000000000..e73af43cb
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+++ b/.github/ISSUE_TEMPLATE/release_planning.md
@@ -0,0 +1,57 @@
+# Release vX.Y.Z Planning
+
+> **Release Goal:** _One or two sentences describing what this release achieves and why it matters. Keep it scope-defining._
+
+- **Target Date:** YYYY-MM-DD
+- **Release Manager:** @username
+
+---
+
+## Breaking Changes
+
+_List any changes that break backward compatibility. If none, write "None."_
+
+- [ ] `[ChangeDescription]` — _What it breaks and what users should do instead._
+
+---
+
+## Issues and PRs
+
+_List issues and PRs along with their current status (example:_ `Planned`, `In progress`, `Awaiting review`, `Awaiting changes`, `Ready to merge`, `Merged`, `Postponed`, `Moved to vX.Y`_)_
+
+### Features
+
+| Issue / PR | Feature       | Description         | Status            |
+| ---------- | ------------- | ------------------- | ----------------- |
+| [#](#)     | `FeatureName` | _Short description_ | `Planned`         |
+| [#](#)     | `FeatureName` | _Short description_ | `Awaiting review` |
+
+---
+
+### Improvements & Refactors
+
+_Performance/tooling improvements, refactors, dependency upgrades, etc._
+
+| Issue / PR | Improvement       | Description     | Status             |
+| ---------- | ----------------- | --------------- | ------------------ |
+| [#](#)     | `ImprovementName` | _Short summary_ | `Awaiting changes` |
+
+---
+
+### 🐛 Bug Fixes
+
+_Bugs confirmed for this release. Urgent bugs discovered mid-cycle can be added here as they come up._
+
+| Issue / PR | Bug       | Description     | Status        |
+| ---------- | --------- | --------------- | ------------- |
+| [#](#)     | `BugName` | _Short summary_ | `Merged`      |
+| [#](#)     | `BugName` | _Short summary_ | `In progress` |
+
+---
+
+## Testing Checklist
+
+_Things to verify before cutting the release._
+
+- [ ] CI tests pass (unit, e2e, integration)
+- [ ] Manual smoke tests on critical flows
diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 841aaaadd..07dffd394 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -401,6 +401,12 @@ The following checks must pass before a PR can be merged:
 
 All contributors must have a CLA on file with FINOS before PRs can be merged. Review the FINOS [contribution requirements](https://finosfoundation.atlassian.net/wiki/spaces/FINOS/pages/75530375/Contribution+Compliance+Requirements) and submit the required CLA.
 
+## Releases
+
+Our release process starts with making a [planning document](./.github/ISSUE_TEMPLATE/release_planning.md) for every minor/major release. Here, we plan the issues and PRs to include. We aim to release on a quarterly basis, but emergency patches/releases outside the usual schedule may also be done arbitrarily.
+
+If you'd like to include a certain feature, issue or PR in a given release, feel free to comment on the relevant planning issue. We also discuss PRs for the next release in our Community Meetings - that's another great place to make suggestions!
+
 ## Community
 
 - **Slack**: [#git-proxy](https://finos-lf.slack.com/archives/C06LXNW0W76) on the FINOS Slack workspace