Hand-held power tool comprising a tool housing and a motor located therein and a tool shaft having a rotational axis and actuated by the motor when in operation in order to make the tool shaft perform a rotational movement about its rotational axis, a distal end of the tool shaft being accessible from outside the tool housing, and further comprising a working element in the form of a polishing pad (38a; 38b) releasably attachable to the distal end of the tool shaft from outside the tool housing in an axial direction extending parallel to the rotational axis of the tool shaft and, after releasable attachment to the tool shaft, held in respect to the tool shaft by means of an axial holding arrangement, where the axial holding arrangement comprises a first element (36; 38) constituted by one of the following elements, the polishing pad (38a; 38b) and the tool shaft, and a second element (38; 36) constituted by the other one of the elements, the polishing pad (38a; 38b) and the tool shaft, and at least one locking element assigned to the first element (36; 38) movably in a radial direction between a retracted position, in which the at least one locking element is retracted in the first element (36; 38), and a locking position, in which the at least one locking element protrudes from the first element (36; 38) radially towards the second element (38; 36), at least one recess assigned to the second element (38; 36) and having a radial extension, the at least one radial recess being configured to receive part of the at least one locking element when in its locking position after releasable attachment of the polishing pad (38a; 38b) to the tool shaft, characterised in that at least one of the following elements, the at least one locking element and the second element (38; 36) in and/or around the at least one radial recess, comprises a magnetic material, and the at least one other of the elements, the at least one locking element and the second element (38; 36) in and/or around the at least one radial recess, comprises a magnetic material or a ferromagnetic material, so that the at least one locking element is automatically moved and held in its locking position and in the at least one radial recess by means of magnetic force after attachment of the polishing pad (38a; 38b) to the tool shaft, thereby engaging with the at least one radial recess and holding the polishing pad (38a; 38b) in respect to the tool shaft in the axial direction. a first element (36; 38) constituted by one of the following elements, the polishing pad (38a; 38b) and the tool shaft, and a second element (38; 36) constituted by the other one of the elements, the polishing pad (38a; 38b) and the tool shaft, and at least one locking element assigned to the first element (36; 38) movably in a radial direction between a retracted position, in which the at least one locking element is retracted in the first element (36; 38), and a locking position, in which the at least one locking element protrudes from the first element (36; 38) radially towards the second element (38; 36), at least one recess assigned to the second element (38; 36) and having a radial extension, the at least one radial recess being configured to receive part of the at least one locking element when in its locking position after releasable attachment of the polishing pad (38a; 38b) to the tool shaft, characterised in that at least one of the following elements, the at least one locking element and the second element (38; 36) in and/or around the at least one radial recess, comprises a magnetic material, and the at least one other of the elements, the at least one locking element and the second element (38; 36) in and/or around the at least one radial recess, comprises a magnetic material or a ferromagnetic material, so that the at least one locking element is automatically moved and held in its locking position and in the at least one radial recess by means of magnetic force after attachment of the polishing pad (38a; 38b) to the tool shaft, thereby engaging with the at least one radial recess and holding the polishing pad (38a; 38b) in respect to the tool shaft in the axial direction.