Abstract: A holder (1) for bits (2) which can retain and store a number of screw bits (2). The holder (1) is executed in an elastic material such as the elastomer PUR, for example. A number of holes of a suitable dimension (approx. 6 mm) are made in the holder (1), facilitating the bits (2) to be pressed into the holes for retention. The bits (2) are placed with the visible tip (4) inwards and with the socket (3) outwards, thereby making it possible to get hold of the socket (3) with the magnetic bit holder (6). The bits (2) can be pressed tightly into the holes by means of the rotating action of the powered screwdriver (5), which reduces friction. When the rotation stops, the bits (2) are retained in the holder (1), and the magnetic bit holder (6) can be freed of the bit (2). Likewise, the bits (2) should be freed from the holder (1) again by means of the rotating action of the powered screwdriver 5 together with a light pull of the magnetic bit holder (6).