OK.
DS started off in our local village primary school, which is typical of all the schools around us in having only 4 classes and two years groups to each class. When we decided to get the assessment done he was at the start of Year 2, but had already finished all the work for Year 2 and 3. No one wanted him moved to a Year 4/5 class, and the school didn't seem willing or able to provide teaching for him at his level in his Year 2/3 class. I was really worried that at age 6 he was learning that he didn't have to do any work at school and everything was always going to be easy for him. We have a history of bright but underachieving males in the family and I could see him going the same way.
We decided to look for another school, and because of the choice of schools in our area, ended up looking at independent schools. We aren't wealthy and can't afford private school fees, but we explained our situation and the reasons why we felt their particular school might be right for DS, and asked whether there were bursaries available. We were able to show the schools DS's Ed Psych report to back up what we were saying about his ability.
He has ended up on a very substantial bursary in a large independent school. It has suited him really well because each subject is taught by a specialist, so the teachers have been able and willing to teach him at his level. It has also been great at keeping him properly busy - he picks things up very quickly and always has lots of interests on the go, so the music and sport at a large school has been brilliant for him.
We have never talked with other parents about DS's ability or the fact that he has been assessed etc unless it comes up, so only a very few people know. I think he is known at school for being very clever, but the school's ethos is supportive of that so he is not singled out negatively. Unless you force your child's ability down people's throats, I can't see why he might be excluded.
Similiarly with his teachers (and being a teacher myself) we have always been very careful in how we use the findings of the assessment. I have checked at times that his current teachers are aware of it, when we have felt that he has been coasting or switching off, but most of the time it hasn't been necessary.
Our main concerns were that he was happy and stimulated at school, and that school was a place that stretched and challenged him, and taught him how to learn. I know of several adults who were clearly gifted as children but couldn't cope when they got to university and found that they had to actually work hard, for the first time in their lives.
Each child and situation is different. I'm by no means saying that only private schools can cater for a child like my DS - I teach in a state school and know that in many cases, very able children do really well in the state system. But in our situation, I'm glad that DS has ended up where he is, and believe that having the Ed Psych assessment was a vital part of that.
Sorry - this has become very long and I've got to stop now. Sorry if it's a bit rushed. But do ask if you want to know more.